GBP/USD tests 1.2750

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%49%6.8%
Shorts48%51%-7.5%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

At the end of last week, the GBP/USD exchange rate broke the lower boundary of the medium-term descending channel. During Monday morning, the rate was testing the 1.2750 level.

On the one hand, it is likely that some downside potential could prevail in the market. In this case the currency pair could gain support of the weekly S1 at 1.2692.

However, if the 1.2750 level holds, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate could face the resistance formed by the 55-hour SMA and the weekly PP at 1.2856.

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