GBPUSD
The pair is trading lower than 1.2965 level amid the strong expectations regarding the interest rate increase by the Bank of England, which was confirmed on Wednesday by M. Carney. However, the pair has grown significantly and may correct downwards before continuing the probable growth.
The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides in the overbought zone and moving horizontally. Stoch are entering the zone.
Trading recommendations:
If the pair falls lower than 1.2915, there is a chance it will correct downwards to 1.2875.