Current technical analysis on GBP/USD shows a resistance @1.34428 and current resistance @1.34428 using the Parabolic SAR + Average Directional Movement Index strategy; it shows the DI- line intertwining with the current ADX line as the DI- line is hovering way above the DI+ line. Candlestick pattern 'Three Black Crows' has confirmed this current strong downtrend , which validates and confirms a sell opportunity. As well as the Parabolic SAR indicator, the previous 11 days were bearish indicators which show a strong bearish trend.
Current fundamental analysis on GBP/USD shows U.K Current Average Earning Index measurements, Average earning index measures the % change in price of labour for the government & businesses. Higher than expected % rate shows bullish sentiment where lower than expected % rate shows bearish sentiment. This month's current result was lower than expected with a result of 2.4% where forecasted results were 2.5% t which further validates GBP/USD's bearish sentiment.
Current fundamental analysis on GBP/USD shows U.K Current Average Earning Index measurements, Average earning index measures the % change in price of labour for the government & businesses. Higher than expected % rate shows bullish sentiment where lower than expected % rate shows bearish sentiment. This month's current result was lower than expected with a result of 2.4% where forecasted results were 2.5% t which further validates GBP/USD's bearish sentiment.