| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 52% | -2.0% |
| Shorts | 49% | 48% | 2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Yesterday, the GBP/USD exchange rate tried to decline below 1.2750. During Tuesday morning, the rate was testing the given level.
Note that the currency pair is pressured by the 55-hour SMA near 1.2800. Thus, some downside potential could prevail in the market. A possible downside target is the weekly S1 at 1.2692.
However, if the 1.2750 level holds, it is likely that the British Pound could continue to consolidate against the Greenback in the short term. If bulls prevail in the market, the rate could re-test the resistance formed by the 100-hour SMA and the weekly PP at 1.2856.