GBP/USD tests 200-hour SMA - Technical Analysis - Dukascopy Bank

Fri, 14 Aug 2020 09:20:37 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs35%32%7.0%
Shorts65%68%-3.7%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

Yesterday, the GBP/USD exchange rate re-tested the psychological level at 1.3120. During Friday morning, the rate was testing the 200-hour SMA near 1.3080.

If the given moving average holds, it is likely that the currency pair could reverse south and re-test the lower boundary of the medium-term ascending channel circa 1.3030.

On the other hand, the pair could gain support from the 55– and 100-hour SMAs near 1.3060. Thus, it is likely that some upside potential could prevail in the market.


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