GBP/USD moves in a limbo

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

Positions Today Yesterday % Change
Longs 66% 68% -3.03%
Shorts 34% 32% 5.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In result of release of data on the UK Manufacturing PMI, the Pound gained a short upside moment that helped it to leave a short-term descending channel to the top. However, a subsequent publication of information on the US labour market neutralized the surge and forced the pair to move horizontally. 

As a result, today it is squeezed between two barriers. The upper side protected by a the monthly PP at 1.2991 and the upper boundary of a dominant ascending channel, while the southern side is secured by a combination of the updated weekly PP 1.2934 and the 55- and 100-hour SMAs. 

Both of them represent too strong obstacles to be easily crossed. So, today the pair is expected to continue to fluctuate between them.

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