GBP/USD returns to 1.39

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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Positions Today Yesterday % Change
Longs 48% 45% 6.25%
Shorts 52% 55% -5.77%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Despite some minor fluctuations during the previous 24 hours, the GBP/USD exchange rate returned at the same price level as on Wednesday morning slightly below the 1.39 mark. The first part of yesterday was dominated by bears which unsuccessfully tried to surpass a support cluster formed by the weekly and monthly PPs and the 55– and 200-hour SMAs circa 1.3860. Even though the general tendency still remains tended northwards, bulls have seemingly lost their strength during the last two sessions. This indicates that some downward pressure is likely to prevail soon. However, given the strength of the aforementioned support, the Pound might still push higher this week up to the trend-line and the 38.20% Fibo retracement circa 1.3950.

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