| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 35% | -0.4% |
| Shorts | 66% | 65% | 0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2900. During Friday morning, the rate was testing the support level - the weekly PP at 1.2871.
If the give support level holds, it is likely that a reversal north could occur in the nearest future. However, it is unlikely that the currency pair could exceed 1.2920 due to the resistance formed by the 55- and 100-hour SMAs, as well the Fibo 38.20%.
However, if the given support does not hold, it is likely that the British Pound could depreciate against the US Dollar. A possible downside target is the weekly S1 located at the 1.2823 mark.