Technical Analysis GBPUSD : 2019-12-20
Narrowing UK current account deficit bullish for GBPUSD
The UK current account deficit narrowed by £8.3 billion to £15.9 billion in Quarter 3. Will the GBPUSD rise?
On 4-hour timeframe GBPUSD: H4 is in downtrend, poised to test the 200-period moving average MA(200) which is level. The RSI indicator is below 50 but has not reached the oversold zone.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 1.2989 |
| Stop loss | Above 1.3189 |
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.