| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 50% | 4.8% |
| Shorts | 47% | 50% | -5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Thursday, the GBP/USD exchange rate declined to the Fibo 38.20% at 1.2918. During today's morning, the rate was testing the given support level.
If the given level holds, it is likely that a reversal north could occur in the nearest future. In this case it is unlikely that the currency pair could exceed the weekly S1 at the 1.3053 mark.
However, note that the exchange rate could face resistance of the 55– and 100-hour SMAs in the 1.2980, thus, some downside potential could prevail in the market. In this case the rate would have to surpass the weekly S2 at 1.2897.