GBP/USD surges to 1.3360 but then retreats

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

Positions Today Yesterday % Change
Longs 48% 49% -2.08%
Shorts 52% 51% 1.92%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

On hourly chart the British Pound is continuing to gain value against the Dollar in a two-week long ascending channel.  

Generally, the cable is projected to continue heading to the top in the above pattern using support continuously provided by the rising 55- and 100-hour SMAs. 

The ultimate goal is located near the 1.3430 level and presents location of the upper boundary of a long-term dominant descending channel. 

However, before that the surge of the currency rate is likely to be stopped in the 1.3370-1.3380 resistance area. 

In case of retreat, strengthening of the buck in unlikely to exceed the 1.3300 mark, as this support zone is backed up by the updated weekly PP and the above 100-hour SMA. 

Finally, the only macro release, which might cause notable volatility will the US Prelim GDP.

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