GBP/USD consolidated near monthly S2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%61%-2.6%
Shorts41%39%3.8%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellBuySell
Aggregate

Yesterday, the GBP/USD exchange rate consolidated near the resistance level—the monthly S2 at 1.2452. During Tuesday morning, the rate maintained its consolidation.

From the one hand, it is likely that the currency pair could trade downwards in the nearest future. In this case pair could gain support from the monthly S3, the weekly PP, the Fibo 38.20% and the 100-hour SMA in the 1.2150.

From the other hand, it is likely that the exchange rate could gain support from the 55-hour SMA and the Fibo 50.00% near 1.2350 and re-test the given resistance. If the resistance holds, the rate could continue to consolidate in the short run.

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