GBPUSD
The pair is consolidating above 1.2700 in expectation of the vote on Brexit deal in the British Parliament that may result in a motion of no confidence in Theresa May if the deal, which is deemed unfavorable for the UK, doesn’t pass.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch aren’t informative.
Trading recommendations:
If the pair is below the level of 1.2700, it may drop to 1.2580.