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GBPUSD technical analysis 30.09.2020

GBPUSD

The pair is turning down, having failed to surpass 1.2885 amid the Brexit issues, as well as the expectations of extremely negative Q2 GDP.

Technical side:

The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is at 50%. Stoch are falling.

GBPUSD rate online: monitor the price movement in real time.

Trading recommendations:

Sell the pair with a probable decline to 1.2700.

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