| 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 | ⇓ | ⇒ | ⇒ | |
The Pound remained rather steady against the US Dollar on Thursday morning due to traders awaiting the BOE Monetary Policy Statement released mid-session.
Despite the benchmark rate being left on hold, the market was surprised by the hawkish undertone of the statement, thus causing the Sterling to fall 1.12% within a couple of hours. This strong appreciation resulted in a reversal from the senior channel and a breakout from the 55– and 100-hour SMAs and a historic resistance/support level at 1.3232.
Given that technical indicators are located in the overbought territory and the pair has approached an important resistance cluster set by the 55– and 100-period (4H) and the 200-hour SMAs near 1.33, its general direction is more likely to be to the downside today.
Strong support is likewise ahead at 1.3180.