GBPUSD Analysis: House prices increase in UK bullish for GBPUSD

April 2, 2020

By IFCMarkets

House prices increase in UK bullish for GBPUSD

House Price Index rose in Britain in March: nationwide HPI rose 0.8% after 0.3% gain in February, when no change was expected. This is bullish for GBPUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

Summary of technical analysis

OrderBuy
Buy stopAbove 1.2473
Stop lossBelow 1.2375

Market Analysis provided by IFCMarkets