GBP/USD remains above 1.28

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 57% 58% -1.75%
Shorts 43% 42% 2.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The British pound depreciated against the US Dollar 0.18% since Tuesday's trading session. The rate tried to recover itself from bearish movements during morning hours.

Most likely, the rate will break the support line of a medium channel during today's trading session due to a strong resistance of the 55-hour simple moving average, which is located above the currency exchange rate near 1.2870. 

On the other hand, the British pound may use the support line of the pattern as a support level and try to push the rate upwards, which may break the 55-hour simple moving average at the 1.2870 level.

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