Germany Producer Price Index (YoY) below expectations (2.7%) in April: Actual (2.5%)

May 20, 2019

GBP/USD technical analysis: Break of 1.2740 can reward oversold RSI with additional recovery

Even if oversold levels of 14-bar relative strength index (RSI) triggered GBP/USD pullback, the quote presently confronts a week-long resistance-line on Monday.

Germany Producer Price Index (YoY) below expectations (2.7%) in April: Actual (2.5%)

GBP/USD technical analysis: Break of 1.2740 can reward oversold RSI with additional recovery

Germany Producer Price Index (MoM) registered at 0.5% above expectations (0.2%) in April