| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇑ | ⇗ |
The British Pound has been appreciating against the Swiss Franc since the end of March, when the currency pair reversed north from support level—the Fibonacci 38.20% retracement at 1.2910.
Given that the pair is supported by the 55-, 100– and 200-hour SMAs, it is likely, that some upside potential prevails in the market. The exchange rate could re-test the upper boundary of the long-term descending channel located circa 1.3380.
On the other hand, the rate could reverse south from the Fibonacci 61.80% retracement at 1.3272 and target the above-mentioned support level.