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GBPUSD heads to post-Brexit referendum lows
The heavy sell-off in GBPUSD stretched into Tuesday’s session as fears over a no-deal Brexit mounted, with the pair diving below 1.22 and towards its post-Brexit referendum troughs. The RSI is slipping below 30, the Stochastics are heading towards the 20 level, while the market action is currently taking place under the lower Bollinger band, all flagging that conditions are oversold, and an upside reversal could be around the corner. Yet any recovery could prove short-lived if the MACD continues to strengthen in the negative territory. The 1.2100 psychological level is now in the spotlight to save the market from ... (full story)