GBP/USD supported by 100– and 200-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%58%0.2%
Shorts42%42%-0.3%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇗
[ANNOUNCE]

Yesterday, the GBP/USD exchange rate traded sideways near the monthly S2 at 1.2835.

[/ANNOUNCE]

It is likely that the currency pair could gain support from the 100– and 200-hour moving averages in the 1.2800 area. Thus, the pair could re-test the upper boundary of the medium-term descending channel circa 1.2950.

In the meantime, the exchange rate could face the resistance provided by the 55-hour moving average near 1.2850. Thus, the rate could trade downwards in the short term.

Actual Topics