By IFCMarkets
UK’s manufacturing sector expansion accelerated in July: Markit’s manufacturing PMI rose to 53.6 from 50.1 in June. This is bullish for GBPUSD, however the technical setup is bearish.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(50) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.2716 |
| Stop loss | Above 1.2761 |
Market Analysis provided by IFCMarkets
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