GBP/USD could find support at 1.3733

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%49%-5.4%
Shorts54%51%4.6%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

On Tuesday, the British Pound declined by 116 pips or 0.84% against the US Dollar. The exchange rate breached the 55-, 100 and 200– hour SMAs during Tuesday's trading session.

Everything being equal, the currency pair could continue to decline within the following trading session. The possible target for the GBP/USD pair will be near the 1.3733 area.

However, bearish traders might find support at 1.3780 during the following trading session.

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