GBPUSD technical analysis

GBPUSD

The pair rose sharply on Monday morning amid the short-term truce in the EU–UK talks after this weekend’s meeting. It may continue to grow locally as the Fed is expected to decide on the new fiscal stimulus which will weaken the US dollar.

Technical side:

The price is above the middle Bollinger band above SMA 5 and SMA 14. RSI is above the 50% level and is growing. Stoch are also growing steadily.

GBPUSD rate online:

Trading recommendations:

The pair may continue to rise to 1.3410, although in general it is likely to continue to trade flat.