Technical overview GBPUSD forecast trading decisions 03/16/2020
The GBPUSD is under strong pressure in the wake of domestic economic problems Amid Britain from the EU. interest rate reduction by the Bank of England's expectation, in our opinion, will lead to the resumption of the fall of the pair. The US dollar is in demand as a safe haven during catastrophic situations.
GBPUSD price is below the middle line of the Bollinger indicator on the level of SMA 5, but below the SMA 14. RSI RSI is in the oversold zone and is moving horizontally. Stoch also located in this area and deployed upward.
GBPUSD traders trading decisions today:
We consider possible renewal of GBPUSD pair with sales likely target 1.2190
Analytics Grand Capital
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