| Positions | Today | Yesterday | % Change | |
| Longs | 58% | 54% | 6.90% | |
| Shorts | 42% | 46% | -9.52% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Bears have dominated GBP/USD for the second consecutive session. The slight recovery apparent on Monday morning was stopped by the 55-, 100– and 200-hour SMAs and the bottom boundary of a seven-week ascending channel circa 1.4150. As a result of this strong momentum south, the Sterling breached the monthly PP and was halted solely by the 38.20% Fibo near the 1.3950 mark.
Technical indicators are converging and are located in the strongly bearish territory, thus bulls might try to use this opportunity to push the rate higher. A possible upside target for today could be near 1.4150 where all the three moving averages are located.
In case bulls fail to move the rate above 1.40, a subsequent fall down to 1.3850 is likely.