07.12.2020
The pair is clearly turning down amid the lack of progress in Brexit negotiations. This may cause a local drop, which will only increase if no agreement is reached.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect and suggest selling. RSI crosses the level of 50% , which also suggests selling. Stoch entered the oversold zone.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with a probable drop to 1.3290.
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