| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The British Pound has been appreciating against the US Dollar since the middle of November after the GBP/USD exchange rate reversed north from the psychological level at 1.2700. Currently, the rate is trading at the 1.2900 mark.
Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located in the 1.2841/1.2890 area. Therefore, it is likely that some upside potential could prevail in the market. In this case the pair could face the resistance of the descending trade line located circa 1.3140.
If the given trend line does not hold, the British Pound could continue to extend gains against the Swiss Franc in the medium term. Otherwise, it is likely that a reversal south could occur. Important level to look out for is the Fibonacci 38.205 retracement at 1.2525.