04.09.2018
GBPUSD
The pair is below the level of 1.2855 as Theresa May’s Cabinet is deemed unable to solve the Brexit crisis.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and is moving down. Stoch are also falling in this zone.
Trading recommendations:
If the pair breaches 1.2855, the price may go further down to 1.2800.
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