GBP/USD trades at 50.00% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 55% 54% 1.82%
Shorts 45% 46% -2.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The British pound appreciated 0.49 % against the US Dollar since Tuesday's session. During Wednesday morning hours, the British pound was trading at the 50.00% Fibo at 1.3163 mark. 

In regards to the near-term future, most likely, the British pound will trade downwards due to the resistance of the 50.00% Fibo on Wednesday. The simple moving averages will try to catch up the rate during the trading session.  

On the other side, the rate might pass through the 50.00% Fibo to surge upwards passing through the weekly R1 at the 1.3188 mark to trade at the 1.3200 level.

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