GBPUSD analysis 24.11.2020

GBPUSD

The pair is trading above 1.3310 amid the renewed Brexit negotiations and the growing demand for risk assets, which weakens the US dollar.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and is growing smoothly, Stoch are reversing at the 50% level.

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

Trading recommendations:

If the pair fixes above 1.3310, it may grow further towards 1.3400.

Author: admin
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