| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 36% | 20.2% |
| Shorts | 55% | 64% | -16.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During previous trading sessions, the GBP/USD exchange rate went upwards. During today's morning, the rate was testing the resistance level—the monthly R1 at 1.3028.
Note that the currency pair is pressured by the 200-hour moving average at 1.3054. Thus, it is likely that some downside potential could prevail in the short term. In this case the pair could gain support from the 55– and 100-hour SMAs at 1.2977.
However, if the given resistance level does not hold, it is likely that the British Pound could continue to appreciate against the US Dollar in the short term. A possible upside target is the monthly R2 at 1.3115.