GBPUSD Analysis: Slower UK producer output prices decline bullish for GBPUSD

March 25, 2020

By IFCMarkets

Slower UK producer output prices decline bullish for GBPUSD

Britain’s producer price index declined less than expected in February: the PPI declined 1.2% in February after 0.3% growth in January, when a 2% drop was expected. This is bullish for GBPUSD.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.1972
Stop lossBelow 1.1780

Market Analysis provided by IFCMarkets