| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 53% | -2.9% |
| Shorts | 49% | 47% | 3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
On Tuesday, the British Pound edged lower by 93 pips or 0.68% against the US Dollar. The currency pair was pressured by the 55-, 100– and 200– hour SMAs during yesterday's trading session.
The exchange rate could continue to decline within the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, bullish traders could pressure the GBP/USD currency exchange rate higher within this session.