Technical Analysis GBPUSD : 2020-01-14

IFC Markets

Master Trader
Oct 31, 2012
1,390
4
84
London (Great Britain)
www.ifcmarkets.com
UK economy contraction bearish for GBPUSD
UK economy unexpectedly contracted in November. Will the GBPUSD continue declining?
GBPUSD falling below MA(200)

On 1-hour timeframe GBPUSD: H1 is in downtrend, falling below the 200-period moving average MA(200) which is falling itself. The RSI indicator is below 50 but has not reached the oversold zone.
Technical Analysis Summary

Order
Sell​
Sell stop
Below 1.2953​
Stop loss
Above 1.2973​