GBP/USD could trade downwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs51%56%-9.9%
Shorts49%44%10.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuySell
Aggregate

Yesterday, the GBP/USD exchange rate touched the 1.3135. Then, the rate reversed south.

It is likely that some downside potential could prevail in the market, as the currency pair is pressured by the 200-hour moving average near 1.3000. In this case the pair could gain support from the weekly S1 at 1.2863.

If the predetermined support level holds, the exchange rate could reverse north. Otherwise, the rate could decline below the psychological level at 1.2850.

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