GBPUSD Analysis: Higher unemployment bearish for GBPUSD

March 17, 2020

By IFCMarkets

Higher unemployment bearish for GBPUSD

UK unemployment rose to 3.9% in January when a steady unemployment at 3.8% was expected. This is bearish for GBPUSD.

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

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.2128
Stop lossAbove 1.2265

Market Analysis provided by IFCMarkets