GBP/USD decline to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs43%35%18.2%
Shorts57%65%-13.7%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralNeutral
SAR(0.02;0.2)SellBuySell
Aggregate

On Thursday, the British Pound declined by 82 pips or 0.59% against the US Dollar. The currency pair tested the weekly S2 at 1.3801 during Thursday's trading session.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend lower during the following trading session.

However, the GBP/USD currency exchange rate could encounter support at 1.3801 today.

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