09.08.2016
GBPUSD
The pair has breached the 1.3000 support level and if the today's data on the British economy is weaker than expected, the price will most probably fall further.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone. Stoch are also there.
Trading recommendations: If the pair keeps trading lower than 1.3000 level it can fall down to 1.2845 amind the weak data from Britain and the expectations of further stimulus expansion by the Bank of England.
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