GBP/USD follows ascending trend

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs51%42%17.5%
Shorts49%58%-18.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇗⇒
[ANNOUNCE]

At the end of last week, the GBP/USD exchange rate re-tested the upper boundary of the short-term ascending channel.

[/ANNOUNCE]

From a theoretical perspective, it is likely that some downside potential could prevail in the market, and the currency pair could re-test the lower channel line located circa 1.2940.

In the meantime, the pair could gain support from the weekly PP and the 55-hour moving average in the 1.2980. Thus, the rate could trade upwards along the upper channel line in the short run.

Actual Topics