By IFCMarkets
Continuing decline in UK consumer confidence bearish for GBPUSD
British consumer confidence fell in May: GfK Consumer Confidence index dropped to -36 after falling to -34 in April, when no change was expected. This is bearish for GBPUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.2649 |
| Stop loss | Above 1.2712 |
Market Analysis provided by IFCMarkets