| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 67% | 68% | -1.8% |
| Shorts | 33% | 32% | 3.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
On Tuesday, the GBP/USD exchange rate extended gains and reached the psychological level at the 1.2730 mark. During Wednesday's morning, the rate was testing the upper boundary of the short-term descending channel.
From a theoretical point of view, it is expected, that a reversal south should occur within the following trading hours. In this case, the currency pair could target the support level formed by the 55– and 100-hour SMAs, as well the weekly PP at 1.2705.
However, if the given channel does not hold, it is likely, that a breakout north occurs soon. Note, that the pair has to surpass the resistance level located at the 1.2760 mark.