GBPUSD technical analysis
The pair is still trading in the range of 1.4100-1.4220. But there is a high probability of its exit from it down on the background of a speech this weekend by Janet Yellen, the US Treasury Secretary, who expressed a desire for higher interest rates by the end of this year.
Technical idea:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is declining. Stoch are also steadily dropping down.
GBPUSD rate online: monitor the price movement in real time.
Trading Idea:
If the pair drops below the 1.4100 level, it will continue to decline towards 1.4000.
