GBP/USD trades within ascending channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%42%8.4%
Shorts54%58%-7.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

During Friday morning hours, the GBP/USD exchange rate has reversed north from the weekly R1 at 1.3049.

It is likely that some upside potential could prevail in the market, and the currency pair could re-test the upper line of the medium-term ascending channel circa 1.3200.

However, from the theoretical perspective, it is likely that some downside potential could prevail in the market, and the exchange rate could re-test the lower channel line located circa 1.2960.

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