| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The UK 100 has appreciated about 1.91% in value against the Pound Sterling since October 3.
Currently, GBR.IDX/GBP is trading near a resistance level formed by the 55– hour simple moving average at 7177.8.
If the resistance level holds, bearish traders could drag the pair towards the 7000.0 marks within the following trading sessions.
However, if the exchange rate passes the 55– hour SMA, a breakout through the upper boundary of a descending channel pattern at 7208.7 could occur within this week's trading sessions.