23.05.2018
GBPUSD
The pair resumed falling following the renewed growth of the USD, which is supported by the expectations not only of the Fed continuing to raise the interest rates but also of the improving the US-China trade balance by 100 billion.
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% and is moving down. Stochastic oscillators are entering the oversold zone.
Trading recommendations:
The pair is highly likely to proceed further down to 1.3270.
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