| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Since the beginning of September, the GBP/USD currency pair has been trading within a rising triangle pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the predetermined pattern in the nearest future. If the upper pattern line at 1.2200 holds, a breakout south could follow.
Meanwhile, note that the currency pair is supported by the 55-, 100– and 200-period SMAs in the 1.1940/1.2100 range. Thus, a breakout north could occur, and the pair could target the Fibo 50.00% at 1.2501.