UK’s manufacturing output continued to expand in June. Markit reported UK Manufacturing PMI declined to 64.2 in June from 65.6 in May when a decline to 64.1 was expected. Readings above 50.0 indicate industry expansion, below indicate contraction. This is bullish for GBPUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Sell | |
| MACD | Buy | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 1.3986 |
| Stop loss | Below 1.3922 |