Technical analysis 17.05.19

GBPUSD

The pair remains in a downtrend against the backdrop of the political crisis in the UK and the vague prospects for Brexit. These negative factors, as well as the positive economic statistics in the States, will exert pressure on the pair.

The price is below the middle Bollinger band, below the SMA 5 and SMA 14. The relative strength index RSI is located in the oversold zone. Stoch not informative and are in it.

Trading recommendations:

If the price falls below the level of 1.2780, there is a possibility of resuming its fall to 1.2700.