29.08.2019
GBPUSD
The pair is consolidating above 1.2180 amid the prospect of no-deal Brexit. This will have a negative impact on the pound, which may cause the pair to continue dropping locally.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and moves horizontally. Stoch turn down.
Trade recommendations:
If the price drops below 1.2180, it may go further down to 1.2115.
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