Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 45% | 46% | -2.2% |
Shorts | 55% | 54% | 1.8% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Sell | Neutral |
Alligator(13;8;5) | Buy | Buy | Neutral |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
Yesterday, the GBP/USD exchange rate revealed a medium-term ascending channel. During today's morning, the rate was testing the 55-hour SMA near 1.2720.
From a theoretical point of view, it is likely that some downside potential could prevail in the market. In this case the currency pair could gain support from the 100– and 200-hour SMAs, as well the weekly R1 and the Fibo 61.80% in the 1.2615/1.2664 area.
However, if the 55-hour moving average holds, it is likely that the currency pair could trade upwards along the upper channel line within the following trading session.