| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 26% | 4.9% |
| Shorts | 73% | 74% | -1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate traded between the Fibo 50.00% and the monthly R2, located at 1.3196 and 1.3115 respectively. During Wednesday morning, the rate was testing the resistance formed by the 55– and 100-hour SMAs at 1.3150.
If the given moving averages hold, it is likely that some downside potential could prevail in the market in the short run. Note that the exchange rate could gain support of the weekly PP and the 200-hour SMA at 1.3067.
However, if the monthly R2 holds, it is likely that the British Pound could consolidate against the US Dollar. Also, it is unlikely that bulls could prevail, and the pair could exceed the Fibo 50.00%.