| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 49% | 0.5% |
| Shorts | 50% | 51% | -0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Yesterday, the GBP/USD exchange rate consolidated in the 1.2930 area. During Tuesday morning, the rate jumped to the 1.2990 level.
[/ANNOUNCE]From a theoretical perspective, it is likely that the currency pair could reverse south from the upper boundary of the medium-term descending channel at 1.3000. It is unlikely that the pair could decline below the Fibo 38.20% at 1.2918.
On the other hand, the exchange rate could break the upper channel line and re-test the resistance level—the monthly S1 at 1.3021. Also, it is unlikely that the rate could exceed the 1.3040 level in the short term.