| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 36% | 20.2% |
| Shorts | 55% | 64% | -16.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During previous trading day, the GBP/USD exchange rate advanced to the resistance level—the monthly R2 at 1.3115. During Monday morning, the rate was testing the given resistance.
If the given level holds, it is likely that the currency pair could reverse south soon. In this case it is unlikely that the pair could decline lower than the 1.3006/1.3049 area due to the support cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP and the monthly R1.
Otherwise, it is likely that some upside potential could continue to prevail in the market. In this case the exchange rate could face resistance of the weekly R1 and the Fibo 50.00%, located at 1.3170 and 1.3196 respectively.