| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 38% | -10.9% |
| Shorts | 65% | 62% | 5.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate tried to surpass the support level formed by the monthly R1 at 1.3028. During Friday morning, the rate was trading near the given level.
Note that the currency pair is pressured by the 55-hour moving average, currently located at 1.3063. Thus, some downside potential could prevail. In this case the pair could gain support from the Fibo 38.20% and the monthly PP at 1.2900.
However, if the given support level holds, it is likely that the British Pound could trade sideways against the US Dollar in the short run. Also, it is unlikely that bulls could prevail, and the pair could exceed the 200-hour SMA, as well the Fibo 50.00% at 1.3196.