Home About the company Daily reviews Technical Analysis 11.12.2018

Technical Analysis 11.12.2018

11.12.2018

Market Review

GBPUSD

The pair is trading below 1.2600, while still under pressure because of the escalating Breixt crisis in the British Parliament. This negative factor is likely to continue affecting the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border of the oversold territory. Stoch are trying to grow.

Trading recommendations:

If the pair remains below 1.2600, it may drop further down to 1.2465.

Author: admin
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