GBP/USD might fall below 1.30

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 46% 46% 0.00%
Shorts 54% 54% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The GBP/USD fell after the US rate hike, as expected. On Thursday morning the currency rate was at the lower trend line of a dominant ascending pattern.

If the support line at the 1.3110 level gets passed, the rate might fall as low as the 1.3000 level, as below the rate there are no technical support levels. 

However, the currency exchange rate might rebound from the support level and one more approach the resistance levels at the 1.3140 mark.

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