| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 35% | 4.3% |
| Shorts | 64% | 65% | -2.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
At the end of previous week, the GBP/USD exchange rate traded sideways around the monthly R1 at 1.3028. During today's morning, the rate surpassed the 1.3000 level.
Note that the currency pair is pressured by the 55– and 100-hour SMAs, it is likely that some downside potential could prevail in the market. The pair could decline to the Fibo 38.20% at 1.2918.
On the other hand, the British Pound could continue to consolidate against the US Dollar in the nearest future. Also, it is unlikely that the pair could exceed the monthly R2 at 1.3115.