| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 32% | -7.3% |
| Shorts | 70% | 68% | 3.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that the currency pair could re-test the lower pattern line located in the 1.3400/1.3600 area in the short run. If the given pattern holds, a reversal north could follow.
Meanwhile, note that the exchange rate could gain support from the 100– and 200-hour SMAs. Thus, a breakout north could occur, and the rate could target the 1.3760/1.3800 area.