GBP/USD surges to 1.3100

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 38% 41% -7.9%
 Shorts 62% 59% 4.8%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Buy Neutral Neutral
 Alligator(13;8;5) Buy Buy Neutral
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

During the previous trading session, the rate passed through the 55-hour simple moving average to end the trading session at the 1.3000 as it was expected. On Friday morning, the British Pound was trading between the 55-hour and the 100-hour simple moving averages at the 1.3022 mark. 

In regards to the near-term future, most likely, the currency exchange rate will get the support of the 100-hour SMA to surge towards the resistance of the weekly R2 at 1.3060. 

On the other hand, the 55-hour simple moving average could resist the British Pound to push the rate to trade sideways at the 1.3000 level.

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