Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 46% | 52% | -13.8% |
Shorts | 54% | 48% | 11.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Sell | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇗ | ⇒ |
Since Thursday, the GBP/USD exchange rate has been testing the resistance level—the weekly R2 at 1.3170.
If the predetermined resistance level holds, it is likely that a reversal south could occur. In this case the currency pair could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP and R1 in the 1.2972/1.3062 range.
Otherwise, some upside potential could prevail in the market, and the exchange rate could face the resistance level—the weekly R3 at 1.3260 within the following trading session.