GBP/USD could pullback - Technical Analysis - Dukascopy Bank
Thu, 29 Apr 2021 04:47:55 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
39%
-0.3%
Shorts
61%
61%
0.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
Upside risks dominated the British Pound against the US Dollar on Wednesday. The GBP/USD currency pair surged by 88 pips or 0.64% during Wednesday's trading session.
The exchange rate is likely to continue to trend bullish during the following trading session. The potential target for buyers will be near the 1.4020 level.
However, the currency exchange rate could make a brief retracement towards the 55-, 100– and 200– hour SMAs near the 1.3902 area within the following trading hours.
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