GBPUSD Analysis: UK house prices decline bearish for GBPUSD

October 8, 2019

By IFCMarkets

UK house prices decline bearish for GBPUSD

Halifax Bank of Scotland house price index declined in September when a gain was expected. Will the GBPUSD decline?

GBPUSD falling below MA(200)

The price chart on 1-hour timeframe shows GBPUSD: H1 is trading sideways. The price is below the 200-period moving average MA(200) which is falling. And the RSI is in the oversold zone which is bullish. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter

Market Analysis provided by IFCMarkets