| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Sterling has been trading sideways against the Swiss Franc since late May, as it failed to depreciate after breaching a one-year senior channel to the downside. In addition, this movement has been stranded in an ascending triangle pattern with the lower boundary being a trend-line and the upper one—the 1.3270 mark.
Given that this pattern was entered from above, a breakout should occur southwards and subsequently be followed by a decline. The maturity of this pattern suggests that this breakout should occur in the nearest time. A possible short-term target for the following week in this bearish scenario is the weekly S3 and the 50.0% Fibonacci retracement at 1.3050.
Conversely, an upside breakout of the 55– and 100-period (4H) SMAs at 1.32 should result in a surge up to the 200-period SMA and the monthly R2 at 1.3350.