03.09.2019
GBPUSD
The pair remains under pressure amid the political crisis in Britain due to high risk of no-deal Brexit. Another factor driving the pair’s decline is the demand for the USD as the world reserve currency.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is located in the oversold zone and dropping. Stoch are also in this zone and declining.
Trading recommendations:
Sell the pair with a local target of 1.1900 after its decline below 1.1980.
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