GBP/USD tests weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%52%-13.8%
Shorts54%48%11.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

Since Thursday, the GBP/USD exchange rate has been testing the resistance level—the weekly R2 at 1.3170.

If the predetermined resistance level holds, it is likely that a reversal south could occur. In this case the currency pair could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP and R1 in the 1.2972/1.3062 range.

Otherwise, some upside potential could prevail in the market, and the exchange rate could face the resistance level—the weekly R3 at 1.3260 within the following trading session.

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