GBP/USD tested Fibo 50.00%

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs40%47%-17.7%
Shorts60%53%11.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

During previous trading day, the GBP/USD exchange rate raise to the Fibo 50.00% at 1.3196. During Monday morning, the rate reversed south.

Note that the currency pair could gain support of the 100– and 200-hour SMAs, currently located circa 1.3080. Thus, some upside potential could prevail in the market, and the pair could re-test the given Fibonacci retracement.

On the other hand, the exchange rate could face the resistance formed by the weekly and monthly PPs circa 1.3140 and trade downwards in the short term. In this case the rate could reach the monthly S1 at 1.3021.

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.