| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 63% | -6.6% |
| Shorts | 41% | 37% | 9.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
At the end of last week, the GBP/USD exchange rate consolidated at 1.2470. During Monday morning, the rate was testing the upper line of the medium-term descending channel.
From a theoretical point of view, it is likely that a reversal south could occur. In this case the currency pair could gain support from the 100– and 200-hour SMAs, as well the Fibo 50.00% and the weekly PP in the 1.1240 area.
Meanwhile, note that the exchange rate is supported by the 55-hour SMA near 1.1280. Thus, a breakout north could occur, and the rate could target the weekly R1 located at 1.2593.