GBP/USD will surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 54% 56% -3.70%
Shorts 46% 44% 4.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The British pound depreciated 0.49 % against the US Dollar since Monday's session. During Tuesday morning hours, the British pound was located above the weekly PP at the 1.3055 mark. 

In regards to the near-term future, most likely, the British pound will move upwards to the 1.3100 level due to support of the 100-hour and the 200-hour SMAs together with the support of the weekly PP at the 1.3055 mark. The rate should pass the 55-hour SMA to surge upwards during the day. 

However, the currency pair may trade sideways to stay at the 1.3060 level on Tuesday.

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