| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 37% | -5.9% |
| Shorts | 65% | 63% | 3.2% |
| 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 | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇒ |
On Wednesday, the British Pound edged higher by 70 pips or 0.51% against the US Dollar. The currency pair breached the upper boundary of a descending channel pattern during Wednesday's trading session.
The exchange rate is currently trading near the upper line of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the weekly resistance level at 1.3935 could be expected within this session.
However, if the 200– hour simple moving average at 1.3886 could provide resistance for the GBP/USD currency exchange rate within this session.