GBP/USD breaks previously drawn pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 33% 35% -6.06%
Shorts 67% 65% 2.99%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During the previous trading session, the currency exchange rate surged to the 50.00% Fibonacci retracement level at 1.3163, breaking the previously drawn pattern line at the 1.3100 mark. On Monday morning, the rate was located above the 50.00% Fibo at the 1.3171 mark. 

In regards to the near-term future, most likely, the rate will be trading sideways to stay between the 50.00% Fibo and the weekly pivot point at 1.3084.  

On the other hand, the 55-hour simple moving average could support the rate to push it to trade at the 1.3200 level.

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