GBP/USD encounters new resistance level

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 64% 60% 6.25%
Shorts 36% 40% -11.11%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇓ ⇗ ⇗

[ANNOUNCE]Despite the fact that a released information on the UK Retail Sales beat experts expectations, the Pound lost 0.6% in value against the American Dollar and fell below the weekly PP at 1.3008 as well as the 200-hour SMA near the 1.2968 level. [/ANNOUNCE]For this reason, the pair is expected to spend this Friday in attempts to recover the lost ground. Nevertheless, the road upstairs most probably will be blocked by a new combined resistance level formed by a combination of the 55-hour SMA and the above weekly PP. In addition, a rebound at this point would return the pair into a short-term inner descending channel and, thus, move it closer to the bottom channel-line of the dominant ascending pattern

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