GBP/USD faces bearish outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 49% 46% 6.12%
Shorts 51% 54% -5.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The British pound depreciated 0.97% against the US Dollar since Thursday's session. On Friday morning, the rate was located at the 1.3067 mark.

In the near-term future, most likely, the rate will keep trading downwards due to a lock of the technical indicators and any support levels which might stop the British pound from bearish outlook on Friday. The rate might fall below the 1.30 level in the next couple of days. 

On the other hand, the UK Current Account data release at 8:30 GMT on Friday may change the direction of the currency pair to recover itself from trading near the bottom boundary of the medium ascending line at the 1.3140 mark.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.