| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 41% | -13.5% |
| Shorts | 63% | 59% | 7.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Yesterday, the GBP/USD exchange rate tested the monthly R1 at 1.2615. During Thursday morning, the rate declined to 1.2500.
It is likely that the currency pair could gain support from the 100-hour SMA near 1.2485 and trade upwards in the short term. In this case the pair could re-test the monthly R1.
Meanwhile, note that the exchange rate could remain under pressure of the 55-hour SMA and the weekly R2 in the 1.2550 area. If the given resistance holds, it is likely that the rate could consolidate.