Technical analytics

GBPUSD market technical outlook


Daily chart:

The situation for sterling remains still for many days already: flat around the area of middle Bollinger band (1.2700). Markets have either stabilized or keep being in a loss regarding the BREXIT situation.


Local trading is concentrated within lower Bollinger bands (1.2652-1.2693).


On intraday chart we also note the sideways mode of trading, the range is limited by stable Bollinger bands (1.2665-1.2689).


Flat in the 1.2665-1.2689 range.

Trading recommendations:

Trading in the 1.2665-1.2689 channel.


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