The pair is still in a short downtrend amid the once again resurfaced Brexit issues. The latter, combined with the coronavirus pandemic, are likely to continue impacting the British currency for a long time.
Technical side:
The pair is below the middle Bollinger band, above SMA 5, but below …
Analysis based on round-number levels, price channels and modified Elliot Waves
Resistance level of 107.88 deters buyers. Stochastic Oscillator indicates an overbought condition. The ascending movement is likely a wave (B H12) of a descending pattern.
monitor the price movement in real time.
Trading recommendations:
Sell …
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