Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 34% | 31% | 6.7% |
Shorts | 66% | 69% | -3.4% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Buy | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Buy | Sell |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate declined to the weekly S1 at 1.3145. During Tuesday morning, the rate pierced the monthly S1 at 1.3103.
On the one hand, it is likely that some downside potential could prevail in the market. Note that the currency pair could gain support from the weekly S2 located at the 1.3007 mark.
On the other hand, it is likely that a reversal north could occur in the nearest future. In this case it is unlikely that the pair could exceed the 55-hour moving average near 1.3200.