GBP/USD pressured by 100-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs69%68%1.2%
Shorts31%32%-2.6%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

Yesterday, the GBP/USD exchange rate tried to surpass the 1.150 level. During Friday morning, the rate raised to the resistance formed by the 100-hour SMA near 1.1900.

If the given moving average holds, it is likely that bears could prevail in the market. In this case the currency pair could decline below the 1.1500 level.

However, the pair could gain support from the 55-hour SMA near 1.1700 and trade sideways in the nearest future.

It is unlikely that bulls could prevail, and the exchange rate could exceed the monthly S3 at 1.2178.

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.