GBPUSD
The pair dropped below 1.2180 amid the continuing broad economic and political problems in Britain. The pair has the potential to continue its local decline.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and gradually decreasing. Stoch are in the oversold zone.
Trading recommendations:
Sell the pair with a local target of 1.2115.