GBP/USD trades to 62.30% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 50% 45% 11.0%
 Shorts 50% 55% -11.0%
       
 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 Buy Neutral
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

During the previous trading session, the currency exchange rate traded between the weekly S2 and the monthly PP to end the trading session at the 1.2932 mark. On Thursday morning, the rate passed through the support of the monthly PP at 1.2924 to trade at the 1.2904 mark. 

In regards to the near-term future, the British Pound will depreciate to the 62.30% Fibonacci retracement level at 1.2864. Afterward, most likely, the rate will trade sideways at 1.2850 for the rest of the trading session.  

On the other hand, the British Pound could appreciate against the US Dollar to the 1.2950 level during today's Bank of England Interest Rate and the votes release at 12:00 GMT.

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