| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has surged by 5.87% since the middle of June. The UK100 tested the 6300.00 level on July 6.
After the pair tested the 6300.00 mark, bearish traders pressured the price lower. Most likely, the UK index will continue to edge lower during the following trading sessions. The possible target will be at the weekly S2 at 5988.67.
However, the weekly support level at 6080.4 could provide support for the GBR.IDX/GBP pair in the short term.