Technical analytics

GBPUSD market technical outlook

GBPUSD

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.

H4-chart:

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

H1-chart:

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

Expectations:

Flat in the 1.2665-1.2689 range.

Trading recommendations:

Trading in the 1.2665-1.2689 channel.

 

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