By IFCMarkets
Smaller than forecast UK GDP fall bullish for GBPUSD
UK gross domestic product’s fall was smaller than forecast: UK GDP fell 2% over quarter in Q1 after no change in last three months of 2019, when a 2.6% drop was expected. This is bullish for GBPUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 1.2313 |
| Stop loss | Below 1.2257 |
Market Analysis provided by IFCMarkets