| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The GBP/USD currency pair was trading in a channel down until mid-today. The subsequent surge evoked a breakout to the upside where the 61.8% Fibo at 1.2947 was tested. The pair, however, failed to overcome this level on several occasions. The Pound is currently trading near the overbought region, which may explain the reluctance of traders to maintaining a bullish stance towards the pair. The Cable faces an important support area near the 1.2920 mark which is formed by the weekly PP, the 200-hour SMA and the 50% Fibo. Even though there is a possibility of the Sterling falling back in the channel, the base scenario favours a slight decline against the US Dollar with a subsequent appreciation up to 1.2960/70, at least.