GBPUSD Forecast | Industrial order expectations decline bearish for GBPUSD | IFCM

Technical Analysis GBPUSD : 2019-10-22

Industrial order expectations decline bearish for GBPUSD

The Confederation of British Industry Industrial Order Expectations Index decreased more than expected in the quarter to October. Will the GBPUSD decline?

GBPUSD falling toward MA(200)

The price chart on 1-hour timeframe shows GBPUSD: H1 is in downtrend. The price is falling toward the 200-period moving average MA(200) which is rising. The RSI oscillator is rising toward 50 level.

Technical Analysis Summary

Sell stop Below 1.2921
Stop lossAbove 1.2941

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