GBP/USD bounces off support cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs39%40%-3.5%
Shorts61%60%2.2%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇗⇒

[ANNOUNCE]On Monday, the British Pound dropped by 54 pips or 0.42% against the US Dollar. The currency pair tested a support cluster near the 1.3880 area during the Asian session on Tuesday.[/ANNOUNCE]

The exchange rate bounced off the 55– and 200– hour SMAs support level on Tuesday morning. Most likely, buyers could pressure the GBP/USD pair higher within this session.

However, the upper line of a descending channel pattern could provide resistance for the currency exchange rate during the following trading session.

Actual Topics