GBPUSD technical analysis 25.12.2019

The pair is trading above 1.2900. Until the end of this year, as well as early next year, it will remain under pressure due to B. Johnson's determination to leave the EU in any case even without a deal, which is the reason for the weaker GBP rate.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is in the oversold zone and turns down. Stoch are growing.

Trading recommendations:
If the forecast remains the same, sell the pair after the price crosses the level of 1.2900 with a possible further drop to 1.2765..