GBP/USD could reverse south

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%71%1.7%
Shorts28%29%-4.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE] On Wednesday, the GBP/USD exchange rate skyrocketed to the upper boundary of the medium-term descending channel at 1.2720. During Thursday's morning, the rate was testing the given boundary. [/ANNOUNCE] 

From a theoretical point of view, it is expected, that a reversal south should occur within the following trading hours. A possible downside target is the support level formed by the 200-hour SMA and the weekly PP at 1.2644. 

However, if the given channel does not hold, a breakout north could occur in the nearest future, and the currency pair could target the resistance level located at 1.2760.

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