GBP/USD points to decline

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

Despite some volatility throughout the day, the GBP/USD exchange rate remained stable during Friday's trading session. From above, it was restricted by the monthly PP at 1.3427, while a fall below the 1.3360 level was stopped by the 100-period (4H) SMA. 

In general, the pair has maintained its tendency north in an ascending channel during the following two weeks. Technical signals suggest that the Sterling could re-test this 100-period and 200-hour SMAs near 1.3360 today. The bottom channel line is likewise located there. The general bullish tendency suggests that this level might mark a reversal to the upside within the aforementioned channel. 

In case the 55-hour SMA is breached, daily gains should be capped near the weekly R1 and the 200-period (4H) SMA at 1.3490.

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