fbGBPUSD Forecast | UK money supply growth slowing bullish for GBPUSD | IFCM UAE

Technical Analysis GBPUSD : 2019-11-29

UK money supply growth slowing bullish for GBPUSD

Britain’s M4 money supply (currency in circulation plus money in bank accounts) was unchanged in October after 0.2% increase over month in September. Will the GBPUSD rise?

GBPUSD falling below MA(200)

The price chart on 1-hour timeframe shows GBPUSD: H1 is trading sideways. The price is testing the 200-period moving average MA(200) which is falling. And the RSI oscillator is below 50 level and has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

Trading signals with a probability of 80% by Autochartist

  • Easy to use
  • Fully automatic
  • Wide range of analytics

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note: This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.