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?
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
| Order | Sell |
| Sell stop | Below 1.2921 |
| Stop loss | Above 1.2941 |