GBP/USD pressured by weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%29%-0.8%
Shorts71%71%0.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

Yesterday, the GBP/USD exchange rate reversed south from the resistance level—the weekly R2 at 1.3626.

From the one hand, it is likely that the currency pair could gain support from the 100– and 200-hour SMAs in the 1.3500 area. Thus, the pair could try to exceed the given resistance in the short run.

From the other hand, it is likely that the exchange rate could be pushed down by the 55-hour SMA near 1.3540. In this case the rate could decline to the weekly PP located at 1.3283.

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