16.11.2020
The pair is trading above 1.3200 amid the rising demand for risk assets and the weaker US dollar. Investors believe that the Biden presidency and the vaccine will quickly restore the precrisis levels. Against this backdrop, the demand for safe haven assets, including the US dollar, is dropping.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is gradually declining. Stoch are reversing in the overbought zone.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair after it crosses 1.3200 with a possible decline to 1.3100.
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