23.01.2018
GBPUSD
The pair is in a short-term uptrend as the Brexit negotiations are expected to end soon and the Bank of England will have to keep raising the interest rates.
The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is reversing downwards in the overbought zone. Stochastic oscillators are also indicating the likelihood of the pair turning downwards.
Trading recommendations:
The pair is expected to continue growing up to 1.4050, not before correcting down to 1.3920.
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