GBPUSD Analysis: GBPUSD falls as UK data is revised

May 1, 2020

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