24.09.2018
GBPUSD
The pair is above the support level of 1.3065. It’s affected negatively by the failed Brexit talks and the endangered EU-Britain trade relations. If this sentiment remains, the pair may resume falling.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are also in the oversold zone.
Trading recommendations:
If the pair goes below 1.3065, it will resume moving down to 1.3000 with a prospect of going even further down to 1.2930.
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