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GBPUSD D1 02 10 2020 1124

The GBP/USD pair may continue to fall in the medium-term. The MACD is into negative territory, and the RSI oscillator stays below 50, according to our daily chart analysis. The price is below EMA 20, EMA 50, and EMA 100. The weekly chart also indicates a downtrend. The RSI downtrend pattern is still in the progress of getting completed. The stochastic oscillator is down, and the price stays below EMA20, EMA 50, and EMA100.

The most important data from this week:
February 11
UK GDP 4Q (0.8% expectation); ( 1.1% previous)
YoY (3.7% expectation); ( 2.0% previous)
UK Trade Balance (-350m expectation); ( -4031m previous)
FED Chairman Powell to Speak Before House Financial Services Panel
BOE Governor Carney Speaks Before Lords Committee
February 12
FED Chairman Powell Testifies Before Senate Banking Panel
February 13
US CPI (2.5% expectation); ( 2.3% previous)

GBPUSD W1 02 10 2020 1122

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