GBP/USD exceeded weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%55%-20.7%
Shorts54%45%17.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Yesterday, the GBP/USD exchange rate breached the medium-term ascending channel north. During Tuesday morning, the rate exceeded the weekly R2 at 1.2536.

It is likely that some upside potential could prevail in the market. Meanwhile, note that the currency pair could face the resistance cluster formed by the weekly R3, the monthly R1 and the Fibo 61.80% in the 1.2615/1.2678 range.

If the given resistance holds, it is likely that a reversal south could occur, and the pair could target the weekly R1 at 1.2448. Meanwhile, if the weekly R2 holds, it is likely that the British Pound could consolidate against the US Dollar.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.