30.01.2019
GBPUSD
The pair is trading above 1.3075 while under pressure due to the uncertainty surrounding Brexit. It’s likely to continue causing pressure on the pair in the short term.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch indicate a slower decline of the price.
Trading recommendations:
If the pair drops below 1.3075, it may go further down to 1.2950.
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