GBPUSD Analysis: Steeper than forecast decline in UK retail sales bearish for GBPUSD


By IFCMarkets

Steeper than forecast decline in UK retail sales bearish for GBPUSD

UK retail sales fell in April more than expected: retail sales dropped in April 18.1% over month after 5.2% decline in March, when 15.8% decline was expected. This is bearish for GBPUSD.

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

 

Summary of technical analysis

Order Sell
Buy stop Below 1.2158
Stop loss Above 1.2228

Market Analysis provided by IFCMarkets


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