19.11.2020
After the news about the possible no-deal Brexit, sterling may come under pressure. So far, the pair is holding the 1.3220 level, but the situation may worsen.
Technical side:
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the 50% level and is turning up. Stoch are entering the oversold zone.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with a likely drop to 1.3115 after it crosses 1.3222.
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