| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 69% | 2.2% |
| Shorts | 29% | 31% | -5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
During Monday, the GBP/USD exchange rate reached the lower boundary of the short-term descending channel at 1.2528. During today's morning, the rate was testing the given line.
From a theoretical point of view, it is expected, that a reversal north could occur in the nearest future. But it is unlikely, that, the British Pound could jump higher than 1.2587 due to the resistance of the 55-hour SMA. On the other hand, the currency pair could trade sideways, trying to breach the given channel.
However, if the given channel does not hold, it is likely, that a breakout south could occur within the following trading hours. A potential downside target is the 2018/2019 minimum at 1.2488.