GBP/USD consolidates at 1.3780

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%33%-28.1%
Shorts74%67%9.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗
[ANNOUNCE]

During today's morning hours, the GBP/USD exchange rate was consolidating at the 1.3780 mark.

[/ANNOUNCE]

It is likely that the currency pair could face the resistance level—the weekly R1 at 1.3809 and bounce off. In this case the pair could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3690/1.3730 area.

However, if the predetermined resistance does not hold, the exchange rate could extend gains in the short term. A possible upside target could be the weekly R2 located at 1.3879.

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