GBP/USD expectedly passes 1.2799

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

Positions Today Yesterday % Change
Longs 70% 67% 4.29%
Shorts 30% 33% -10.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate
Positions Today Yesterday % Change
Longs 43% 44% -2.33%
Shorts 57% 56% 1.75%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As forecasted on Wednesday, the British Pound continued to lose value against the American Dollar and slipped right through the weekly S1, which is located at the 1.2199 level. Such outcome additionally confirms that the pair is moving in a clearly expressed downtrend.  

As a result, the exchange rate has no technical indicators on its way that might force it to start moving in the opposite direction. For instance, the closest support level, which is set up by the weekly S2, is located only at the 1.2720 level. 

On the other hand, at 8:30 GMT the Office for National Statistics will release a Second Estimate GDP that might cause certain volatility and lead to a short-term recovery of the Sterling.

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