| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 58% | 1.69% | |
| Shorts | 41% | 42% | -2.44% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇑ | |
On Tuesday, the Sterling was restrained by a combination of the 55– and 100-hour SMAs that limited its gains until the 1.2950 mark. Thus, GBP/USD was characterised by a consolidation period, failing to form a distinctive move either direction. However, the pair did trade in a slight movement downwards that may result in a formation of a channel down if sustained. Technical indicators are generally neutral for the upcoming hours, but slightly bullish on the daily time-frame. However, it is more likely that the rate trades lower and tests the monthly PP at 1.2883 early on Thursday. This scenario depends on the rate's inability to cross the 55-hour SMA. On the contrary, the Sterling may also continue to move sideways, thus surpassing the 55-hour SMA at some point.