| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 67% | -4.9% |
| Shorts | 36% | 33% | 8.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term descending channel circa 1.2740 and dropped to the 200-hour SMA.
On the one hand, the currency pair could maintain its decline, as the British Pound is pressured by the political situation in the UK. A potential downside target is the weekly S1 located at the 1.2646 mark.
On the other hand, a reversal north from the psychological level at 1.2670 could occur within the following trading hours. However, it is unlikely, that the pair could exceed the 1.2696/1.2708 range due to the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP.