GBP/USD might decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%70%1.9%
Shorts29%30%-4.6%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇒
[ANNOUNCE]

Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2140. During today's morning, the rate declined to the 1.2100 mark.

[/ANNOUNCE]

It is unlikely, that the currency pair could extend gains due to the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.2100/1.2136 range.

It is likely, that the British Pound could depreciate against the US Dollar in the nearest future. A possible downside target is the weekly S1 at the 1.2052 mark. Otherwise, the pair could trade sideways, trying to surpass the given resistance.

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