| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | 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 | ⇗ | ⇘ | ⇘ |
The British Pound has been appreciating against the Swiss Franc since the middle of August when the GBP/USD exchange rate reversed north from the support level—the monthly S2 at 1.1726.
Currently, the currency pair is trading at the 1.2050 level. Given, that the rate is supported by the 55-, 100– and 200-hour SMAs, currently located in the 1.1871/1.1976 range, it is likely, that some upside potential could prevail in the market.
However, note, that the pair has to surpass the Fibonacci 23.60% retracement at the 1.2210 mark. If the given resistance level holds, a reversal south could follow. Important level to look out for is the 2017/2019 low at the 1.1702 mark.