Is England ready to lift their first ever World Cup? Well GBP sure aint!

Is England ready to lift their first ever World Cup? Well GBP sure aint!

Jaya Maheshwari
10 Jul 2019 07:40 PM
As England readies for the ICC World Cup finals yet again after being finalists three times earlier (yes, they first have to play the Aussies in the semis tomorrow), the pressure on UK is being mounted with Trump not wanting to deal with the British Ambassador any longer. GBP is also bearing the brunt of delayed Brexit talks. Seeing the daily price chart, the pair is currently trying to go below the lower Bollinger band but with declining volumes. This may not be good in the long run, but in the short run, it probably signals a pull back towards 1.26 as indicated through the RSI momentum indicator. RSI (14) is just below 30, indicating an entry in the oversold territory.

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