| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 59% | 4.84% | |
| Shorts | 38% | 41% | -7.89% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
During Wednesday's trading session, the currency exchange rate was trading sideways due to the resistances of the 55-hour and the 100-hour SMAs. On Thursday morning, the British Pound broke most of the technical indicators to trade at the 1.2895 level.
In regards to the near-term future, in all likelihood, the British Pound will surge upwards to meet the upper boundary of the descending medium pattern line at the 1.2955 level. It is expected that the rate will trade at the 1.2900 level.
However, the monthly pivot point at the 1.2907 could resist the British Pound to push the rate to trade sideways between the monthly PP at 1.2907 and the 62.20% Fibonacci retracement level at 1.2867 mark.