Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
The pair is has rebounding very strongly, anyone buying dips on this pair would have made a small fortune.
I expect the the pair to continue rising. On the back of solid economic data from the British pound, i expect more gains from this pair.
We can see price action rebounding. Price currently above the middle line.
We also see stochastic above the 50 mark, signaling bullish momentum
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