20.05.2020
The pair signals the possibility of a downward turn amid the reduced risk appetite in the markets, increased demand for the US dollar, as well as weak consumer inflation data in the UK published this morning.
Technical side:
The price is above the middle Bollinger band, below SMA 5 and above SMA 14. RSI is above the 50% level and is turning down. Stoch are steadily declining.
Trading recommendations:
A decrease below 1.2245 may lead to a drop to 1.2160.
The GPBUSD rate online: monitor the movement of the pair in real time.
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