Technical analysis 01.03.19

GBPUSD

The pair is in a short-term uptrend, but due to the lack of any positive Brexit news it will likely continue correcting downwards.

The price is below the middle Bollinger band, below SMA 5, but above SMA 14. Moving Averages signal to buy. RSI is steadily moving down. Stoch have entered the oversold territory.

Trading recommendations:

Sell the pair after it passes 1.3250 with a possible target of 1.3150.