14.07.2020
The pair is trading above 1.2535 in anticipation of the UK GDP release, as well as the employment data and performance indicators. If they turn out to be better than predicted, the pair may continue to grow, but in the opposite scenario, expect the price correction to continue.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located below the level of 50% and indicates a weaker growth. Stoch are in the oversold zone.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price drops below 1.2535, it may go further down to 1.2455. At the same time, positive news from Britain will result in further growth to 1.2670.
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