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.


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Market Analysis provided by IFCMarkets