GBP/USD is supported by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 53% 54% -1.89%
Shorts 47% 46% 2.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

During Thursday's trading session, the currency exchange rate traded along the 55-hour and the 100-hour simple moving averages. However, during Friday morning hours, the resistance levels retraced the rate to depreciate the British Pound against the US dollar to the 1.2710 mark. 

In regards to the near-term future, it is expected that the British Pound will continue recovering itself against the US Dollar to break the resistance levels. Most likely, the rate will end the trading session near the pattern line at the 1.2800 level.  

On the other hand, during today's US CPI and Core CPI data releases at 13:30 GMT the rate could pass the support level of the monthly PP to trade at the 1.2660 level.

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.