Positions | Today | Yesterday | % Change | |
Longs | 61% | 60% | 1.64% | |
Shorts | 39% | 40% | -2.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇓ | ⇒ |
Due to release of mixed British employment data, the pair did not get a necessary impulse to make significant moves yesterday.
In particular, this relates to three unsuccessful attempts made by bears to push the rate through the 38.2% Fibonacci retracement level at 1.3145. As a result, the new trading session cable started at the intersection of the 55- and 200-hour SMAs.
At the moment, the further recovery of the Pound against the Dollar seems complicated, as northern direction is blocked not only by a combination of the weekly PP and the 100-hour SMA but also by the upper trend-line of a senior descending channel.
However, a release of better than expected information about the retail sales might create a momentum that would help traders to push the pair either through these barriers or in the opposite direction.