| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 1.4% |
| Shorts | 40% | 41% | -2.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Yesterday, the GBP/USD exchange rate consolidated in the 1.2400 area. During Wednesday morning, the rate maintained its consolidation.
It is likely that the currency pair could gain support from the 100-hour SMA, as well the monthly PP and the Fibo 50.00% near 1.2345 and trade upwards in the short run.
Note that the pair would have to surpass the Fibo 61.80% at 1.2520. If the given level holds, the rate could continue to consolidate. Also, it is unlikely that bears could prevail, and the pair could drop below the 200-hour SMA near 1.2000.