| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Buy |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Pound Sterling reversed from the lower boundary of a dominant ascending channel at 1.7200 on December 3 and started gaining strength against the Australian Dollar.
The currency pair was trading near the upper border of a medium-term descending channel pattern at 1.7700 during the morning hours of Monday's trading session.
If the exchange rate breaks the descending channel pattern, it will aim at a resistance cluster formed by the weekly and the monthly PPs near the 1.7892 regions.
However, it is important to note that the political situation in the United Kingdom might play a significant roll in the positioning of the currency exchange rate during this week trading sessions.