Technical analysis 26.09.18

GBPUSD

The pair has corrected upwards following the profit taking after the recent drop. The main negative factor for the GBP is the failed Brexit talks. The pair may be negatively affected today if the Fed not only raises the rates, but also indicates that the process is to be continued.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are intercrossing in the overbought zone.

Trading recommendations:

If the pair doesn’t grow above 1.3000, it may drop to 1.3065 following the Fed’s decision that is favorable for the USD.