Technical Overview forecast GBPUSD trading decisions today 01/30/2020
The GBPUSD is consolidating at the lower boundary of the triangle formed, which is visible on the daily chart. The pair may fall only in the event that the Bank of England or to take a decision to reduce interest rates, or will make it clear that this could happen in the near future. It can also affect the dynamics of the pair speech in the same vein and the head of the Central Bank of the UK M. Carney.
GBPUSD is below the midline Bollinger indicator 5 below SMA and SMA 14. RSI RSI below 50% and gradually decreases. Stoch indicates the likelihood of GBPUSD pair turn down.
Recommendations for trade GBPUSD:
We consider the possibility of selling paryGBPUSD only if it drops below the level of 1.2985 with a possible drop in GBPUSD to 1.2900
Analytics Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.
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