GBPUSD technical analysis

16.04.2021

Technical reviews

GBPUSD

The pair is declining due to profit-taking and the resumption of growth in the yield of US treasuries.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. The movings have crossed and are giving a sell signal. RSI is below the 50% level and continues to drop. Stoch are entering the oversold zone.

GBPUSD rate online: monitor the price movement in real time.

Trading Idea:

A decline below 1.3725 may result in a further drop to 1.3670.

Author: GC
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