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?
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.
| Order | Sell |
| Sell stop | Below 1.3131 |
| Stop loss | Above 1.3300 |
Market Analysis provided by IFCMarkets