19.04.2018
GBPUSD
The pair is testing the level of 1.4185 as the UK retail sales data is expected to be released. It’s anticipated to show a 0.5% decrease this March. If the data turns out to be as predicted or lower, the pair will be highly likely to continue falling.
The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50%. Stochastic oscillators are again in the oversold area.
Trading recommendations:
If the price falls below 1.4185, it may go further down to 1.4085.
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