GBP/USD might surpass 1.3080

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%49%-5.0%
Shorts53%51%4.4%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

Yesterday, the GBP/USD exchange rate raised to the 1.3060 level. During Wednesday morning, the rate was trading at the given mark.

Note that the currency pair is supported by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3030 area. Thus, some upside potential could prevail in the market, and the pair could target the weekly R1 at 1.3104.

However, if the exchange rate fails to surpass the 1.3080 level, it is likely that the British Pound could consolidate against the US Dollar in the short run. If the given support does not hold, the rate could target the lower boundary of the short-term ascending channel at 1.2980.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.