| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 50% | -0.6% |
| Shorts | 50% | 50% | 0.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
During previous trading session, the GBP/USD exchange rate tested the upper boundary of the falling wedge pattern at 1.3128 and reversed south.
From a technical point of view, it is unlikely that the pair could continue to decline due to the support cluster formed by a combination of the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3078/1.3088 range.
It is expected, that the currency pair re-tests the upper pattern line located in the 1.3100/1.3200 range. However, it is unlikely, that the pair could breach the given pattern due to the resistance level located at the 1.3119 mark.