| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 55% | 7.6% |
| Shorts | 40% | 45% | -11.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Wednesday, the GBP/USD exchange rate tumbled to the support level—the weekly S2 at the 1.2843 mark.
Given that the rate is still pressured by the 55-hour moving average, currently located at 1.2896, it is likely, that bears could prevail in the market in the short run. A possible downside target is the psychological level at 1.2800.
However, if the given channel holds, a reversal north could occur in the nearest future, and the currency pair could try to surpass the given moving average.