GBPUSD Analysis: UK manufacturing PMI upgrade bullish for GBPSD

June 1, 2020

By IFCMarkets

UK manufacturing PMI upgrade bullish for GBPSD

UK manufacturing PMI for May was revised upward: manufacturing PMI for May was revised up from preliminary reading of 40.6 to 40.7. This is bullish for GBPUSD.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.2425
Stop lossBelow 1.2373

Market Analysis provided by IFCMarkets