GBP/USD will stay at 1.2900

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 49% 50% -2.0%
 Shorts 51% 50% 2.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Buy Neutral
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

During Thursday's trading session, the currency exchange rate jumped by 142 pips or 1.11% to the 1.3000 mark. On Friday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.2949 mark. 

In regards to the near-term future, most likely, the rate will trade sideways to stay at the 1.2900 level for the rest of the trading session. 

However, the 55-hour simple moving average could support the British Pound to appreciate against the US Dollar to break the resistance level of the 200-hour simple moving average. It is expected that the rate could trade near the weekly S1 at the 1.3014 mark.

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