| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 71% | 1.7% |
| Shorts | 28% | 29% | -4.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
On Wednesday, the GBP/USD exchange rate skyrocketed to the upper boundary of the medium-term descending channel at 1.2720. During Thursday's morning, the rate was testing the given boundary.
From a theoretical point of view, it is expected, that a reversal south should occur within the following trading hours. A possible downside target is the support level formed by the 200-hour SMA and the weekly PP at 1.2644.
However, if the given channel does not hold, a breakout north could occur in the nearest future, and the currency pair could target the resistance level located at 1.2760.