| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 72% | -0.2% |
| Shorts | 28% | 28% | 0.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
During the previous trading session, the GBP/USD exchange rate tried to breach the short-term ascending channel south. During Thursday's morning, the rate was still testing the lower channel line at 1.2145.
Given, that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 1.2160, it is likely, that bears could prevail in the market in the short term. A possible downside target is the 1.2120 level.
However, from a theoretical point of view, it is expected, that the pair could reverse north from the lower trend line in the nearest future. It is unlikely, that the British Pound could exceed the weekly PP at 1.2212 against the Greenback.