| 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 | ⇓ | ⇒ | ⇒ | |
GBP/USD stood at a standstill on Wednesday, as no significant price changes occurred throughout the day. Instead, the pair was fluctuating in a range between 1.3460 and 1.3520. The former is a major support level which has worked effectively at halting a fall below it during the last five months.
This lack of direction shifted late in the session when the Pound dashed through the strong resistance of the 55-, 100– and 200-hour SMAs near 1.3530. It is likely that this cluster provides a good stepping stone for further appreciation.
Technical indicators demonstrate that there is still some upside potential, so the rate is expected to move past the two-week descending channel and towards the senior pattern circa 1.3650.
In terms of the daily low, the Sterling is unlikely to breach the 1.3450 mark.