Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
Despite some volatility throughout the day, the GBP/USD exchange rate remained stable during Friday's trading session. From above, it was restricted by the monthly PP at 1.3427, while a fall below the 1.3360 level was stopped by the 100-period (4H) SMA.
In general, the pair has maintained its tendency north in an ascending channel during the following two weeks. Technical signals suggest that the Sterling could re-test this 100-period and 200-hour SMAs near 1.3360 today. The bottom channel line is likewise located there. The general bullish tendency suggests that this level might mark a reversal to the upside within the aforementioned channel.
In case the 55-hour SMA is breached, daily gains should be capped near the weekly R1 and the 200-period (4H) SMA at 1.3490.