GBP/USD trades at 1.3450

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs31%31%-0.6%
Shorts69%69%0.2%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗
[ANNOUNCE]

Yesterday, the GBP/USD exchange rate traded sideways in the 1.3350 area. During Wednesday morning, the rate jumped to 1.3450.

[/ANNOUNCE]

It is likely that some upside potential could continue to prevail in the market, as the currency pair could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3350/1.3425 range.

In the meantime, note that the pair could face the resistance at the psychological level at 1.3520. If the given level holds, a reversal south could follow and the rate could re-test the predetermined support.

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