GBP/USD tests a weekly S1 at the 1.2848 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 58% 58% 0.00%
Shorts 42% 42% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The British pound depreciated against the US Dollar 0.66% since Monday's trading session. The rate was experiencing bearish movements since August 30th, but the rate's direction might change soon. 

The British Pound was testing the weekly S1 at the 1.2848 mark on Tuesday. The rate might pass the weekly S1 support and break the medium channel during today's trading session. 

On the other hand, the weekly S1 at the 1.2848 mark can push the rate to move upwards, which may lead the rate to break the Fibonacci 61.80% retracement level.

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