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.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.2650 |
| Stop loss | Above 1.2744 |
Market Analysis provided by IFCMarkets