| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 71% | -3.5% |
| Shorts | 32% | 29% | 7.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
Yesterday, the GBP/USD exchange rate raised to the weekly PP at 1.1838. During Wednesday morning, the rate touched the 1.1950 mark.
On the one hand, it is likely that some downside potential could prevail in the market. In this case the currency pair could face the support level formed by the 55– and 100-hour SMAs in the 1.1680 area.
However, if the weekly PP holds, it is likely that the British Pound could consolidate against the US Dollar in the nearest future. Also, it is unlikely that bulls could prevail, and the rate could exceed the Fibo 0.00% at 1.2016.