years on the market

Technical Analysis 08.04.2019

GBPUSD

The pair remains within the range of 1.2975–1.3175 in anticipation of the EU’s decision over Brexit, the Fed’s monetary policy meeting and the new US inflation data.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch are growing confidently.

Trading recommendations:

If the pair passes 1.3075, it may continue moving up to 1.3185.

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