GBP/USD shows slight tendency north

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 48% 45% 6.25%
Shorts 52% 55% -5.77%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Following two sessions of decline, the bearish sentiment of the GBP/USD exchange rate allayed considerably on Friday. The pair halted slightly above the psychological 1.40 mark and remained fluctuating in the 1.4020/60 range for the whole session. 

By Monday morning, the Sterling had reached the 55-hour SMA, thus providing additional pressure from above. The slight tendency upwards apparent on Friday does suggest that this moving average could be breached, thus pushing the rate towards a more significant resistance formed by the 100– and 200-hour SMAs and the weekly PP near 1.41. This level which roughly coincides with a breached channel is likely to be today's high. 

Meanwhile, a fall below 1.40 should not occur in this session, as this mark is supported by the monthly PP.

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