| Positions | Today | Yesterday | % Change | |
| Longs | 66% | 64% | 3.03% | |
| Shorts | 34% | 36% | -5.88% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇓ | ⇗ | |
Weak UK and strong US fundamentals on Tuesday resulted in a 108-pip fall of the GBP/USD exchange rate within six hours. As a result, the Pound fell down to the 1.2852 mark, but subsequently remained relatively stable slightly above 1.2860.
Strongly bearish technical indicators suggest that a rebound should occur in this session. The nearest resistance is the weekly S2 at 1.2887; this level, however, should be breached without any hindrance.
It is expected that the rate will trade in the 1.2900/40 area by Thursday morning if no surprising fundamentals or events shake the market tremendously. In case the Pound is pressured to the downside, losses should be limited circa 1.2840.