Positions | Today | Yesterday | % Change | |
Longs | 57% | 58% | -1.75% | |
Shorts | 43% | 42% | 2.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The British pound depreciated against the US Dollar 0.18% since Tuesday's trading session. The rate tried to recover itself from bearish movements during morning hours.
Most likely, the rate will break the support line of a medium channel during today's trading session due to a strong resistance of the 55-hour simple moving average, which is located above the currency exchange rate near 1.2870.
On the other hand, the British pound may use the support line of the pattern as a support level and try to push the rate upwards, which may break the 55-hour simple moving average at the 1.2870 level.