20.05.2020
The currency pair is trading in the range of 365 and 135 moving averages and the upper limit of the descending price channel. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 1.2232 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell below 1.2232.
Stop loss: 1.2300.
Target levels: 1.2180; 1.2080.
In case of an upward movement in the range of 1.2300, cancel the trading plan.
The GBPUSD rate online: monitor the movement of the pair in real time.
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