GBP/USD tests 55– and 100-hour SMAs - Technical Analysis - Dukascopy Bank

Fri, 13 Nov 2020 10:43:45 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs52%49%7.1%
Shorts48%51%-7.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuySell
Aggregate

On Thursday, the GBP/USD exchange rate declined to the 200-hour SMA near 1.3120. During today's morning, the rate reversed north.

It is likely that the currency pair could be pushed down by the 55– and 100-hour moving averages near 1.3200. In this case the pair could target the weekly PP located at 1.3062.

However, if the 200-hour SMA holds, the exchange rate could reverse north and try to exceed the predetermined resistance.


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