GBP/USD will fall to 1.2760

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 54% 54% 0.0%
 Shorts 46% 46% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Buy Neutral
 Alligator(13;8;5) Sell Sell Neutral
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

During the previous trading session, the British Pound passed through the support level of the weekly S1 at 1.2831. On Friday morning, the rate was located at the 1.2805 mark. 

In regards to the near-term future, most likely, the British Pound will depreciate against the US Dollar to the 1.2760 mark. 

On the other hand, today's UK Retail Sales data release at 9:30 GMT could push the rate to break the resistance level of the weekly S1 at 1.2831 mark to trade at the 1.2820 level.

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