GBP/USD supported by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 57% 61% -7.02%
Shorts 43% 39% 9.30%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

During Friday's trading session, the British Pound was trading sideways to end the trading session at the 1.3000 mark. On Monday morning, the British pound was supported by the 55– hour simple moving average to trade at the 1.2995 mark.  

In regards to the near-term future, the British Pound will keep moving sideways to stay at the 1.3000 level. The 55-hour simple moving average will support the British Pound during the trading session on Monday. 

On the other side, the British Pound could trade downside towards the monthly pivot point at the 1.2901 mark after today's UK Services PMI data release at 9:30 GMT.

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