GBP/USD moves in up-trend

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 58% 61% -5.17%
Shorts 42% 39% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Pound appreciated against the US Dollar on Thursday, reaching the 1.2974 mark late in the evening. The pair found support at the weekly PP and the 55-hour SMA, while minor resistance was met at the 100-hour SMA. Friday's morning session started with weak volatility prior to the pair gaining momentum to the downside. In the short term, the pair may be pushed south, testing a resistance cluster formed by the 100– and 55-hour SMAs. However, technical indicators favour further appreciation that may consequently confirm an up-trend. Thus, a possible trading range in this session may be 1.2940/1.3030, regarding as very likely an attempt to approach the upper limit. Meanwhile, a breakout of the aforementioned support cluster could lead to a test of the 1.2920 area.

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