GBP/USD tests Fibo 61.80%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%59%-3.0%
Shorts43%41%4.0%
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 raised to the 1.2620 level. During Thursday morning, the rate was testing the resistance level—the Fibo 61.80% at 1.2646.

If the given resistance holds, it is likely that a reversal south could occur. Note that the currency pair could gain support from the weekly R1 at 1.2593.

If the predetermined support holds, it is likely that the pair could consolidate in the short run. Otherwise, the rate could decline to the 55– and 100-hour SMAs in the 1.2525/1.2570 area.

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