GBP/USD will surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 50% 50% 0.00%
Shorts 50% 50% 0.00%
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) Buy Buy Buy
Aggregate

The British pound appreciated 0.27% against the US Dollar since Tuesday's session. During the previous session, the rate was passed the support of the 100-hour SMA to stop the trade at the 1.3186 mark. On Wednesday morning, the rate was located between the 100-hour and the 55-hour SMAs to trade at the 1.3174 mark. 

In regards to the near-term future, the British pound will keep surging upwards to the weekly R1 at 1.3260 mark due to the support of the 55-hour SMA and the 50.00% Fibo level.  

However, today's UK CPI data release at 8:30 GMT may break the predictions for the currency pair to pass through the 50.00% Fibo level during the data release time.

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