By IFCMarkets
Narrowing UK current account deficit bullish for GBPUSD
The UK current account deficit narrowed by £8.3 billion to £15.9 billion in Quarter 3. Will the GBPUSD rise?
On 4-hour timeframe GBPUSD: H4 is in downtrend, poised to test the 200-period moving average MA(200) which is level. The RSI indicator is below 50 but has not reached the oversold zone.
| Order | Sell |
| Sell stop | Below 1.2989 |
| Stop loss | Above 1.3189 |
Market Analysis provided by IFCMarkets