GBP/USD falls to 1.2950

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 45% 35% 22.22%
Shorts 55% 65% -18.18%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Sell
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

During Tuesday's trading session, the monthly pivot point at 1.2992 stopped the rate from the fall to place the rate at the 1.2950 mark. 

In regards to the near-term future, it is expected that the currency exchange rate will trade between the monthly PP at 1.2992 and the 62.30% Fibonacci retracement level. Most likely, the rate will end today's trading session at the 1.2850 level.  

On the other hand, the rate could be supported by the weekly S2 at 1.2944 to keep the British Pound to move sideways at the 1.2950 level.

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