By IFCMarkets
Steeper than forecast decline in UK retail sales bearish for GBPUSD
UK retail sales fell in April more than expected: retail sales dropped in April 18.1% over month after 5.2% decline in March, when 15.8% decline was expected. This is bearish for GBPUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Sell | |
MA(200) | Sell | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.2158 |
Stop loss | Above 1.2228 |
Market Analysis provided by IFCMarkets