GBP/USD tests weekly PP at 1.2839

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 62% 61% 1.61%
Shorts 38% 39% -2.63%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The British Pound had slightly recovered itself against the American counterpart during the Friday's session, passing the weekly PP at 1.2839. The GBP/USD pair was still testing the weekly PP on Monday early in the morning. 

The Sterling should fluctuate between the 55-hour and the 100-hour SMAs this trading session. Even if a breakout occurs to the upside of the junior channel, it is not expected that large gains are apparent today due the lack of significant fundamental data releases during today's trading session. It is expected that the Pound will bounce off the upper boundary of the junior channel and go downwards to the 200-hour SMA near 1.28.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.