Positions | Today | Yesterday | Change |
Longs | 54% | 48% | 11.1% |
Shorts | 46% | 52% | -13.0% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Buy | Neutral |
Alligator(13;8;5) | Sell | Neutral | Neutral |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
During the previous trading session, the 200-hour SMA resisted the British Pound to push it to pass through the support level of the 62.30% Fibonacci retracement level. On Thursday morning, the rate was located between the 62.30% Fibo and the weekly S1 at the 1.2840 mark.
In regards to the near-term future, it is expected that the 55-hour simple moving average will continue to resist the rate to the 1.2750 level.
However, during today's US Retails Sales, Core Retail Sales, PPI and Core PPI data release at 13:30 GMT, the British Pound could appreciate against the US Dollar to push the rate to break the resistance levels of the SMAs.