GBP/USD revealed ascending channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%46%-2.2%
Shorts55%54%1.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Yesterday, the GBP/USD exchange rate revealed a medium-term ascending channel. During today's morning, the rate was testing the 55-hour SMA near 1.2720.

From a theoretical point of view, it is likely that some downside potential could prevail in the market. In this case the currency pair could gain support from the 100– and 200-hour SMAs, as well the weekly R1 and the Fibo 61.80% in the 1.2615/1.2664 area.

However, if the 55-hour moving average holds, it is likely that the currency pair could trade upwards along the upper channel line within the following trading session.

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