Positions | Today | Yesterday | % Change | |
Longs | 42% | 42% | 0.00% | |
Shorts | 58% | 58% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
Upside risks have dominated the GBP/USD exchange rate for the third consecutive session. Contrary to expectations, the Pound did not return back to the breach senior channel circa 1.40, but moved confidently towards a new 1,5-year high at 1.43.
Similarly to other major pairs trading against the Greenback, technical indicators of this pair are pointing to a soon decline. This assumption is likewise reinforced by the fact that the bullish sentiment allayed considerably starting from late Wednesday.
In case a reversal is to occur in the nearest hours, this would re-confirm the existence of a three-week ascending channel. In line with this pattern, a strong southern barrier could be provided by the 1.4150 mark; the 55-hour SMA could likewise be located near this area.