| 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 | ⇓ | ⇒ | ⇒ | |
Despite a minor decline during the first part of Thursday's trading session, the Sterling gained momentum and surged 83 pips against its American counterpart within a couple of hours. This strong upside momentum was disrupted near the 1.3965 mark where the combined resistance of the 100– and 200-hour SMAs and the 32.20% Fibo restricted any further advances.
By Friday morning, the rate had remained between this cluster and the 55-hour SMA in a very narrow trading range. It is likely that bulls fail to overcome the 1.40 mark during this relatively calm session. A more possible direction, therefore, is southwards closer to the weekly S1 at 1.3843.
If no massive volatility is introduced in the market, this level is likely to hold strong, thus leaving the rate near 1.39 by Monday morning.