GBP/USD surges to 1.3160

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 32% 33% -3.13%
Shorts 68% 67% 1.47%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Neutral Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

During the previous trading session, the British Pound appreciated against the US Dollar to 1.3120. On Thursday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 1.3134 mark. 

In regards to the near-term future, the rate will surge upwards to reach the 50.00% Fibonacci retracement level at 1.3163. Afterward, most likely, the 50.00% Fibo will retrace the rate to push it to trade sideways at the 1.3120 level. 

On the other hand, the 100-hour simple moving average could resist the British Pound to depreciate against the US Dollar to the weekly pivot point at 1.3084.

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