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The overall trend is upward. If the price pivot level of 220.70 is breached, a 1-2-3 ascending pattern will form as part of the overall uptrend. Stochastic Oscillator indicates oversoldness.

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Trading recommendations:

Buy above the price pivot level of …

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 …