GBP/USD could trade upwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%46%-0.1%
Shorts54%54%0.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

During Monday morning hours, the GBP/USD exchange rate touched the psychological level at 1.3200.

It is likely that some upside potential could prevail in the market, as the currency pair could gain support from the 55-hour moving average near 1.3120. The rate could face the resistance level—the weekly R1, located at 1.3270.

Meanwhile, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the 1.2950/1.3000 range due to the support formed by the 200-hour SMA and the weekly S1.

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.