The GBPUSD pair is currently bouncing on its historical support at 1.4860. We are also witnessing a crossing of the moving average at 7 sessions with the moving average at 20 sessions. Waiting for a new divergence in Bollinger bands, and therefore, an increase in volatility, investors will focus on bullish trades on this pair that experienced a sharp fall those past weeks.
Direction: Down
Entry: 1.5116
Stop-loss: 1.48
Hold the position
