GBPUSD Analysis: Not as widespread as forecast UK house price decreases bullish for GBPUSD

May 18, 2020

By IFCMarkets

Not as widespread as forecast UK house price decreases bullish for GBPUSD

Minus 21 per cent of respondents reported a decline in UK house prices in April after 9% reported increases in March according to RICS House Price Balance survey, when a 25% of respondents were expected to report decreases. This is bullish for GBPUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Sell
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.2140
Stop lossBelow 1.2091

Market Analysis provided by IFCMarkets