GBP/USD might decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs31%32%-2.3%
Shorts69%68%1.0%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗
[ANNOUNCE]

Yesterday, the GBP/USD exchange rate dropped to the 1.3250 level and reversed north.

[/ANNOUNCE]

It is likely that some downside potential could prevail in the market as the currency pair is pressured by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3380/1.3425 range.


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