GBP/USD trades between PPs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 51% 48% 5.88%
Shorts 49% 52% -6.12%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The British pound appreciated 0.24% against the US Dollar since Friday's session. During the previous session, the rate broke the monthly PP at 1.3038 and was resisted by the 55-hour SMA at 1.3060 to stop the trade at the 1.3054 mark. On Monday morning, the rate broke the resistance of the 55-hour SMA to trade at the 1.3079 mark. 

n regards to the near-term future, most likely, the British pound will trade between the weekly pivot point at 1.3405 and the monthly pivot point at 1.3038 due to a lack of any fundamental news during the trading session. 

In addition, the 55-hour simple moving average will try to support the rate at 1.3050 level on Monday.

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