| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 42% | 17.5% |
| Shorts | 49% | 58% | -18.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
At the end of last week, the GBP/USD exchange rate re-tested the upper boundary of the short-term ascending channel.
From a theoretical perspective, it is likely that some downside potential could prevail in the market, and the currency pair could re-test the lower channel line located circa 1.2940.
In the meantime, the pair could gain support from the weekly PP and the 55-hour moving average in the 1.2980. Thus, the rate could trade upwards along the upper channel line in the short run.