| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 26% | 7.1% |
| Shorts | 72% | 74% | -2.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
Since Thursday, the GBP/USD exchange rate has been trading downwards.
Given that the currency pair is pressured by the 55– and 100-hour SMAs, as well the weekly R1 in the 1.3400/1.3825 range, it is likely that some downside potential could prevail in the market.
Meanwhile, note that the pair could gain support from the 200-hour moving average near 1.3735. If the predetermined support holds, the rate could consolidate. Otherwise, the pair could decline to weekly PP at 1.3688.