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GBPUSD analysis 24.11.2020

24.11.2020

Market Review

GBPUSD

The pair is trading above 1.3310 amid the renewed Brexit negotiations and the growing demand for risk assets, which weakens the US dollar.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and is growing smoothly, Stoch are reversing at the 50% level.

GBPUSD rate online: monitor the price movement in real time.

Trading recommendations:

If the pair fixes above 1.3310, it may grow further towards 1.3400.

Author: admin
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