GBP/USD passes 62.30% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 54% 48% 11.1%
 Shorts 46% 52% -13.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Buy Buy Neutral
 Alligator(13;8;5) Sell Neutral Neutral
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

During the previous trading session, the 200-hour SMA resisted the British Pound to push it to pass through the support level of the 62.30% Fibonacci retracement level. On Thursday morning, the rate was located between the 62.30% Fibo and the weekly S1 at the 1.2840 mark. 

In regards to the near-term future, it is expected that the 55-hour simple moving average will continue to resist the rate to the 1.2750 level.  

However, during today's US Retails Sales, Core Retail Sales, PPI and Core PPI data release at 13:30 GMT, the British Pound could appreciate against the US Dollar to push the rate to break the resistance levels of the SMAs.

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