Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
The GBP/USD exchange rate showed high volatility on Friday. It began the day with minor appreciation prior to falling 0.56% after a US data release mid-session. This three-hour decline was stopped by the 200-hour SMA near the 1.39 mark. The Pound's subsequent movement was stranded between this moving average and the 55– and 100-hour SMAs.
The rate might still edge lower down to the bottom boundary of a three-week channel. A subsequent fall is expected to be limited by the 200-hour SMA at 1.39.
Technical indicators are generally bullish for the following trading session, thus favouring a price increase towards the 1.40 area where the senior channel is located.
Meanwhile, G20 meetings are to dominate the political and economic environment during the following two days.