years on the market

Technical Analysis 11.12.2018

GBPUSD

The pair is trading below 1.2600, while still under pressure because of the escalating Breixt crisis in the British Parliament. This negative factor is likely to continue affecting the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border of the oversold territory. Stoch are trying to grow.

Trading recommendations:

If the pair remains below 1.2600, it may drop further down to 1.2465.

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