| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 31% | 7.5% |
| Shorts | 67% | 69% | -3.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the GBP/USD exchange rate breached the rising wedge pattern south.
It is likely that the currency pair could extend gains in the short term, as it is supported by the 200-hour moving average near 1.3545. A possible upside target is the psychological level at 1.3700.
Meanwhile, note that the pair could face the resistance provided by the 55-hour moving average near 1.3630. Thus, the rate could trade sideways, supported by the weekly S1 at 1.3508.