29.07.2019
GBPUSD
With Boris Johnson as the Prime Minister, the no-deal Brexit scenario is more likely, which increases pressure on the GBP rate.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is testing the boundary of the oversold zone. Stoch are also there and are uninformative.
Trading recommendations:
Expect the pair to continue dropping to 1.2300 if it holds below 1.2385.
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