GBP/USD erases previous gains

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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Positions Today Yesterday % Change
Longs 46% 46% 0.00%
Shorts 54% 54% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Sterling spent the first half of Wednesday's trading session with no significant changes against the US Dollar due to the support of the 55-hour SMA. Subsequently, bulls managed to push the rate towards the weekly R2 at 1.3932; however, these gains had already been lost by Thursday morning. It seems that the bullish sentiment that guided the Pound last week has allayed. This assumption could point to soon prevalence of bears. Thus, it is likely that the pair continues pushing lower in this session. This attempt could be hindered by the 55– and 100-hour SMAs circa 1.3775. Even if this area is not breached, the Pound should not surpass the monthly R3 which is located at 1.3864.

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