| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 51% | 3.3% |
| Shorts | 48% | 49% | -3.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | 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 reversed south from the resistance level—the weekly PP at 1.2986. During Thursday morning, the rate was testing the given level.
Note that the currency pair has been trading within the rising wedge pattern since last Friday. Thus, from a theoretical perspective, it is likely that the pair could trade within the given pattern in the short run.
However, if the given resistance level holds, it is likely that a breakout south could occur in the nearest future. In this case it is unlikely that the exchange rate could decline below the 100-hour SMA near 1.2940.