GBP/USD reluctant to breach 1.43

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 42% 42% 0.00%
Shorts 58% 58% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Upside risks have dominated the GBP/USD exchange rate for the third consecutive session. Contrary to expectations, the Pound did not return back to the breach senior channel circa 1.40, but moved confidently towards a new 1,5-year high at 1.43. 

Similarly to other major pairs trading against the Greenback, technical indicators of this pair are pointing to a soon decline. This assumption is likewise reinforced by the fact that the bullish sentiment allayed considerably starting from late Wednesday.

 In case a reversal is to occur in the nearest hours, this would re-confirm the existence of a three-week ascending channel. In line with this pattern, a strong southern barrier could be provided by the 1.4150 mark; the 55-hour SMA could likewise be located near this area.

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