17.07.2019
GBPUSD
The pair is trading above the support level of 1.2400. It’s under a very strong pressure caused by the high likelihood of no-deal Brexit, which can happen after Boris Johnson takes over the office.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold territory and is reversing downwards. Stoch are also there and aren’t informative.
Trading recommendations:
Sell the pair after it goes below 1.2400 with a possibility of a drop to 1.2330.
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