GBP/USD bounces off support cluster - Technical Analysis - Dukascopy Bank
Tue, 27 Apr 2021 04:39:11 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
40%
-3.5%
Shorts
61%
60%
2.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇒
⇗
⇒
On Monday, the British Pound dropped by 54 pips or 0.42% against the US Dollar. The currency pair tested a support cluster near the 1.3880 area during the Asian session on Tuesday.
The exchange rate bounced off the 55– and 200– hour SMAs support level on Tuesday morning. Most likely, buyers could pressure the GBP/USD pair higher within this session.
However, the upper line of a descending channel pattern could provide resistance for the currency exchange rate during the following trading session.
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