14.06.2019
GBPUSD
The pair is trading within the range of 1.2656–1.2745 amid the UK government crisis. The pair may continue falling if Tories elect Boris Johnson as the Prime Minister.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch have reversed downwards.
Trading recommendations:
Sell the pair as it breaks through the level of 1.3665 and takes hold below it with a possible local target of 1.2615.
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