| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 33% | 3.0% |
| Shorts | 66% | 67% | -1.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Wednesday, the GBP/USD exchange rate tried to surpass the resistance level—the weekly R1 at 1.2844. During today's morning, the rate was testing the resistance level by the Fibo 38.20% and the monthly R2 at 1.2904.
Given that the currency pair is supported by the 55– and 100-hour moving averages, it is likely that some upside potential could prevail in the market in the short run. Note that the pair would have to surpass the weekly R2 at 1.3032.
However, if the given resistance level holds, it is likely that the British Pound could trade sideways against the Greenback within the following trading session. It is unlikely that bears could prevail, and the rate could drop lower than the psychological level at 1.2760.