13.12.2018
GBPUSD
The pair is consolidating above 1.2600 in expectation of the outcome of the EU Brexit summit. It can be assumed that the lack of a comprehensive deal or an unfavorable one for the UK may put the GBP rate under pressure.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is on the level of 50% and is moving horizontally. Stoch haven’t reversed downwards.
Trading recommendations:
If the pair goes below 1.2600 following negative EU news, it may go further down to 1.2465.
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