20.10.2017
GBPUSD
The pair remains under pressure following the decline in expectations of the Bank of England raising the rates at the bank's November meeting. Another negative factor is the uncertainty of the impact that Brexit is going to have on the economy.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is testing the edge of the oversold zone. Stoch entered the oversold zone.
Trading recommendations:
The pair is highly likely to go further down to 1.3000-1.3020.
Author: Semyon Kamensky
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