GBPUSD Analysis: More widespread than forecast UK house price decreases bearish for GBPUSD

June 11, 2020

By IFCMarkets

More widespread than forecast UK house price decreases bearish for GBPUSD

More real estate surveyors than forecast reported price decreases in UK in their areas. Minus 32 per cent of respondents reported a decline in UK house prices in May after -22% reported decreases in April according to RICS House Price Balance survey, when a -24% of respondents were expected to report decreases. This is bearish for GBPUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Sell
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.2650
Stop lossAbove 1.2744

Market Analysis provided by IFCMarkets