| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 50% | 7.1% |
| Shorts | 46% | 50% | -8.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
During Monday, the GBP/USD exchange rate consolidated near the 1.2300 level. During today's morning, the rate was trying to surpass the resistance formed by the 55-hour SMA at 1.2299.
[/ANNOUNCE]Note that the currency pair is supported by the monthly PP at 1.2280. Therefore, it is likely that some upside potential could prevail in the market within the following session. A possible upside target is the upper line of the medium-term descending channel located circa 1.2350.
However, currency pair could face resistance of the 100-hour moving average, currently located at the 1.2326 mark. Thus, the British Pound could continue to trade sideways against the Greenback in the short run.