GBP/USD is resisted by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 66% 66% 0.00%
Shorts 34% 34% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

During Monday's trading session, the currency exchange rate depreciated by 0.82% to end the trading session at the 1.2719 mark. During Tuesday's morning hours, the British Pound was resisted by the 55-hour simple moving average to trade at the 1.2749 mark. 

In regards to the near-term future, most likely, the currency exchange rate will trade downside towards the weekly S1 at 1.2700. In addition, today's UK Construction PMI data release at 9:30 GMT could support the downtrend for the currency exchange pair during the day. 

On the other side, the data release could push the rate to trade near the weekly PP at the 1.2782 mark.

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