Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 60% | 62% | -3.8% |
Shorts | 40% | 38% | 5.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
Yesterday, the GBP/USD exchange rate jumped to the resistance formed by the weekly PP and the 200-hour SMA near 1.2400. During Wednesday morning, the rate was testing the given resistance.
From a theoretical perspective, it is likely that the currency pair could reverse south from the upper line of the medium-term descending channel circa 1.2400.
Note that the exchange rate could gain support from the 55-hour SMA near 1.2334. If the predetermined support holds, it is likely that the rate could consolidate.