GBP/USD could re-test medium-term channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%43%9.4%
Shorts53%57%-8.4%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

During the Thursday's trading session, the GBP/USD currency pair declined to the 1.3065 level.  

From a technical perspective, the exchange rate is likely to re-test the lower boundary of the medium-term ascending channel located circa 1.3040, as the rate is pressured by the 55-, 100– and 200-hour SMAs, as well the monthly PP in the 1.3114/1.3135 range. 

It is unlikely, that bulls could prevail in the market, and the currency pair could surpass the resistance level formed by the Fibonacci 36.10% retracement at 1.3162.

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