GBP/USD revealed ascending channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%49%-5.0%
Shorts54%51%4.3%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralBuy
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The GBP/USD exchange rate has revealed a short-term ascending channel.

From a theoretical perspective, it is likely that some upside potential could prevail in the market, as the currency pair should target the upper channel boundary located circa 1.3020.

Meanwhile, note that the exchange rate is pressured by the 55– and 100-hour moving averages in the 1.2940 area. Thus, a breakout south could occur, and the rate could target the weekly S1 at 1.2801.

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