GBP/USD to re-test upper pattern line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs32%32%0.9%
Shorts68%68%-0.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗
[ANNOUNCE]

The GBP/USD exchange rate continues to follow the rising wedge pattern.

[/ANNOUNCE]

It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3700 area and re-test the upper pattern line in the short term.

Note that it is unlikely that a breakout north could occur due to the resistance level—the weekly R1 located at 1.3779. The exchange rate could trade between the predetermined support and resistance in the nearest future.

Actual Topics