| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 37% | -8.0% |
| Shorts | 66% | 63% | 4.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The GBP/USD exchange rate has been trying to surpass the resistance level formed by the weekly R1 at 1.2956 since Monday.
Note that the currency pair is supported by the 55-hour moving average, as well the Fibo 38.20%, located at 1.2929 and 1.2918 respectively. Thus, is likely that bulls could prevail in the market in the short term, and the pair could target the weekly R2 at 1.3005.
However, if the given resistance level holds, it is likely that the rate could trade sideways within the following trading session. Moreover, it is unlikely, that the given support does not hold, and the rate could surpass the 100-hour SMA at 1.2895.