| 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 | ⇓ | ⇒ | ⇒ | |
[ANNOUNCE] Despite some minor fluctuations, the Pound has maintained the same price level for the second day. [/ANNOUNCE] No advances either direction were made due to strong barriers on each side.
Today, the Sterling could continue trading between the 55– and 200-hour SMAs slightly below the 1.40 mark. The northern side is also restricted by the weekly and monthly PPs, while the southern area—by the 38.20% Fibo retracement. Thus, it is likely that the pair continues trading sideways for several hours, thus approaching the bottom line of a two-week ascending channel circa 1.3950 prior to forming a breakout.
Technical indicators are in favour of a bullish surge towards the senior channel. The pair's movement later in the evening should be guided by trader response to FOMC meeting minutes released at 1900GMT.