GBP/USD tests 100-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%29%-7.5%
Shorts73%71%2.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒
[ANNOUNCE]

During Wednesday morning hours, the GBP/USD exchange rate was testing the support provided by the 100-hour SMA near 1.3870.

[/ANNOUNCE]

It is likely that the currency pair could be pushed down by the 55-hour SMA and the weekly R1 in the 1.3910/1.3923 range. The pair could decline to the support area formed by the 200-hour SMA and the weekly PP in 1.3802/1.3820.

In the meantime, if the 100-hour SMA holds, the exchange rate could trade upwards in the short term. In this case the rate could target the weekly R2 located at 1.3988.

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