By IFCMarkets
GBPUSD falls as UK data is revised
United Kingdom’s Manufacturing PMI was revised lower in April from a preliminary estimate: Markit revised its Manufacturing PMI to 32.6 in April 2020 from a preliminary estimate of 32.9. This is bearish for GBPUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Sell | |
MA(200) | Buy | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.2525 |
Stop loss | Above 1.2578 |
Market Analysis provided by IFCMarkets