15.12.2017

Technical Analysis: GBP/USD struggles to bypass 1.3450

by Dukascopy

In result of the previous trading session the currency exchange rate made a breakout from the rising wedge formation.  

However, as the southern side was covered by the weekly PP and the 200-hour SMA the pair could not fall below the 1.3400 mark. In a similar manner, a resistance zone located between the 1.3440 and 1.3448 levels did not allow the pair to climb higher as well. 

Allocation of pending orders as well as recent progress made on tax reform suggests that there is not much interest to acquire the Pound. 

On the other hand, the rising 55-, 100- and 200-hour SMAs as well as existence of a junior ascending channel are likely to continue elevating the currency rate towards the upper trend-line of a senior descending channel.

 

400

 

Positions Today Yesterday % Change
Longs 51% 51% 0.00%
Shorts 49% 49% 0.00%
         
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate





Events


Semptember 2015
  • 22
    Jan

    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

  • 22
    Jan

    The climate transition creates opportunities and risks, and financial institutions and corporations

  • 22
    Jan

    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

  • 30
    Jan

    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

  • 31
    Jan

    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

See All

newsletter

Updates and news from MarketPlus