| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | 0.1% |
| Shorts | 26% | 26% | -0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
At the end of the previous trading week, the GBP/USD exchange rate reversed north from the resistance level formed by the monthly S1 at 1.2545.
During Monday's morning, the rate was testing the support cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.2469/1.2504 range.
If the given support does not hold, it is expected, that the currency pair could continue to decline. A possible downside target is the 1.2440 level.
Otherwise, it is likely, that the pair could reverse north in the nearest future and re-test the given resistance.