| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 40% | 12.9% |
| Shorts | 54% | 60% | -10.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Yesterday, the GBP/USD exchange rate tumbled to the 1.3000 level. During Tuesday morning, the rate tried to surpass the monthly S1 at 1.3021.
If the given resistance level holds, it is likely that the British Pound could continue to depreciate against the US Dollar. In this case the currency pair could gain support of the Fibo 38.20% and the weekly S2 in the 1.2900 area.
However, if the exchange rate fails to surpass the 1.2950 level, it is likely that the British Pound could consolidate against the Greenback in the short run. Also, it is unlikely that the rate could exceed the 1.3070 area due to the resistance formed by the 55-, 100– and 200-hour SMAs.