GBPUSD forecast bullish after lower UK money supply report
Resumen de análisis técnico GBP/USD: Comprar
| Indicador | Valor | Señal |
| RSI | Neutral | |
| MACD | Comprar | |
| Donchian Channel | Comprar | |
| MA(200) | Comprar | |
| Fractals | Neutral | |
| Parabolic SAR | Comprar |
Análisis gráfico
The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD: H1 has resumed rebounding above the 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.2360. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.2304. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Análisis fundamental de -
UK money supply contracted in February. Will the GBPUSD price rebound continue?
UK money supply contracted in February: the Bank of England reported M4 money supply declined 0.4% over month in February after 1.2% growth in January, when a 0.9% increase was forecast. This is bearish for GBPUSD. However the current setup is bullish for the pair.