GBP/USD pressured by SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%46%7.7%
Shorts50%54%-7.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday's trading session.

Given that the 55-, 100– and 200– hour SMAs are above the price level, bearish traders could continue to drive the exchange rate lower during the following trading session.

However, the GBP/USD currency exchange rate might find support at 1.3733 within this session.

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