GBP/USD resisted by monthly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 48% 48% 0.00%
Shorts 52% 52% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The British pound depreciated 0.40% against the US Dollar since Thursday's session. During the previous session, the rate passed through the monthly PP at 1.3038 and the weekly S1 at 1.3036 to stop the trade at the 1.3017 mark. On Friday morning, the rate was resisted by the monthly PP to keep the rate to trade at 1.3032 mark. 

In regards to the near-term future, most likely, the British pound will trade sideways in the pattern channel to stay at 1.2980 level during the trading day.  

In addition, the simple moving averages will try to catch up the rate to give an additional resistance for the British pound to trade downwards to the bottom boundary of the medium ascending pattern.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.