Technical analysis 20.08.2019

GBPUSD

The pair is trading above 1.2090 against the backdrop of Brexit problems, which have a full impact on the dynamics of the British currency. The uncertainty factor of the prospects for Britain's exit from the EU may force the pair to continue its decline.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI crosses the level of 50% and gives a signal to sell. Stoch also confirm turn down and signal from RSI.

Trading recommendations: 
It possible to sell the pair after it crosses the level of 1.2090 with a probable local target of 1.2015.