05.07.2017
GBPUSD
The pair has breached 1.2910 level, which enables its further decline as the positive data on the US employment is expected to be revealed and the Fed’s June meeting minutes, which are to be released today, are expected to be favorable for the USD.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI passes 50% mark and is falling. Stoch are reversing downwards.
Trading recommendations:
If the price drops below 1.2900 level, it’s likely to go further down to 1.2800 in the nearest future.
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