GBPUSD Analysis: Slowing UK earnings bearish for GBPUSD

December 17, 2019

By IFCMarkets

Slowing UK earnings bearish for GBPUSD

The growth of average earning including bonuses in UK slowed to 3.2% over year for three months ending in November after 3.7% rise for three months ending in October. Will the GBPUS decline?

GBPUSD testing MA(200)

On 1-hour timeframe EURUSD: H1 is in downtrend, testing the 200-period moving average MA(200) which is level. The RSI indicator is about to enter the oversold zone.

Technical Analysis Summary

OrderSell
Sell stopBelow 1.3131
Stop lossAbove 1.3300

Market Analysis provided by IFCMarkets