10.10.2017
GBPUSD
The pair is recovering and correcting before the release of important inflation data in the US in the end of this week. If the consumer inflation and industrial inflation figures don't disappoint, and retail sales figures grow, the price is likely to start falling again.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is on the level of 50%. Stoch are reversing upwards.
Trading recommendations:
The pair should be sold at its local growth from 1.3200 with a possible target of 1.2935.
Author: Semyon Kamensky
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