| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has been pressured by bearish momentum. A breakout occurred through the lower boundary of a descending channel pattern at 7099.2 on February 25.
Given that a breakout had occurred, the GBR.IDX/GBP pair will most likely continue to edge lower. The potential target for bearish traders would be near a support level at the 6700.0 area.
Furthermore, technical indicators suggest that the pair will continue to decline during next week's trading sessions.