The Sterling-dollar pair is showing some strong overbought signs on the weekly and daily time frames. This means that it is likely that we may see some sell-off very soon. Moreover, the technical analysis also shows that the British Pound has pierced an important price level, which can push the price towards the 20-day SMA. But overall, the upward trend is strongly in place. Watch the video to understand more.
Get the AvaTradeGo App Now