GBPUSD Analysis: Not as widespread as forecast UK house price decreases bullish for GBPUSD

May 18, 2020

By IFCMarkets

Not as widespread as forecast UK house price decreases bullish for GBPUSD

Minus 21 per cent of respondents reported a decline in UK house prices in April after 9% reported increases in March according to RICS House Price Balance survey, when a 25% of respondents were expected to report decreases. This is bullish for GBPUSD.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 1.2140
Stop loss Below 1.2091

Market Analysis provided by IFCMarkets


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