Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 46% | 50% | -7.0% |
Shorts | 54% | 50% | 6.1% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Sell | Buy |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇒ |
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the medium-term descending channel at 1.3020. During Wednesday morning, the rate dropped to 1.2940.
From the one hand, the currency pair could gain support from the 100-hour SMA neat 1.2940 and reverse north. In this case the pair could re-test the upper channel line.
From the other hand, the exchange rate could be pressured by the 55– and 200-hour SMAs to the 1.2880 level. However, note that the rate would have to surpass the Fibo 38.20% at 1.2918.