30.06.2020
The pair is still in a short downtrend amid the once again resurfaced Brexit issues. The latter, combined with the coronavirus pandemic, are likely to continue impacting the British currency for a long time.
Technical side:
The pair is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone and is moving horizontally. Stoch are rising.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price goes below 1.2275, it will be likely to continue down to 1.2155.
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