Technical overview 20.04.18

GBPUSD

The pair is still under pressure as the Bank of England is no longer expected to raise the interest rates this June.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold area. Stochastic oscillators are already there.

Trading recommendations:

The pair has fallen below 1.4065 and it’s likely to go further down to 1.3965.