| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 45% | 6.25% | |
| Shorts | 52% | 55% | -5.77% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇒ | ⇒ | |
[ANNOUNCE] The Sterling managed to advance 85 pips against the US Dollar during the first past on Monday.[/ANNOUNCE] Further upside momentum was disrupted by the combined resistance of the weekly and monthly PPs circa 1.3860.
The inability of bears to take advantage of this situation resulted in a slight period of consolidation between 1.3860 and 1.3830. Given that the northern barrier is likewise guarded by the 200-hour SMA, bulls are unlikely to gather enough momentum for a breakout. Thus, that the pair could edge lower during the following hours until the 55– and 100-hour SMAs limit a further decline below 1.38.
Meanwhile, the medium-term pattern suggests that the Sterling is likely to appreciate this week; thus, the 1.3860 should eventually be breached to allow for a surge up to 1.3950.