27.02.2019
GBPUSD
The pair is in a short-term uptrend due to weak USD and hopes that another Brexit referendum will result in the UK remaining in the EU. However, the pair has grown technically and may correct downwards.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is in the overbought territory and indicates possible downwards reversal. Stoch are also moving down.
Trading recommendations:
If the pair goes below 1.3290, it may drop further to 1.3210, which would correspond to a 23% Fibonacci rebound.
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