| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 61% | 4.9% |
| Shorts | 36% | 39% | -8.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
At the end of the previous week, the GBP/USD exchange rate tested the upper boundary of the short-term ascending channel at 1.2300. During Monday morning, the rate reversed south.
From a theoretical point of view, it is expected, that the currency pair could continue to trade downwards. In this case, the pair could face the support of the 55-hour SMA and the weekly PP at 1.2220.
Otherwise, it is likely, that the pair could consolidate at the 1.2260/1.2280 level in the nearest future. It is unlikely, that the rate could breach the given channel north due to the resistance of the monthly PP at 1.2330.