23.05.2019
GBPUSD
The pair is still in a short-term downtrend due to high likelihood of Theresa May leaving the office of the British PM very soon.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is entering the oversold territory. Stoch are reversing downwards.
Trading recommendations:
If the pair passes the support level of 1.2620 may bring the price further down to 1.2550.
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