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GBPUSD technical analysis 23.11.2020

GBPUSD

The pair broke above the resistance level of 1.3310 amid the positive overall sentiment in the markets, as well as the hopes concerning the renewed Brexit negotiations.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI under the overbought zone is turning down. Stoch have entered the overbought zone.

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

Trading recommendations:

Buy the pair with a probable growth to 1.3400.

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