GBP/USD drops to 1.3100

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Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 47% 46% 2.13%
Shorts 53% 54% -1.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]The British pound dropped 1.08% against the US Dollar since Friday's session due to fundamentals. The currency exchange rate went down passing through the most technical indicators, located at the 1.3100 level on Monday. 

[/ANNOUNCE] In the near-term future, the rate should move downwards to trade in the 1.3050 area due to the resistance of the 200-hour simple moving average and other influential technical indicators, which are located between the 1.3200 level and the 1.3140 level. 

Besides, the 55– hour and the 100-hour simple moving averages will try to catch up the rate during the trading session.

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