| 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 showing high volatility, GBP/USD remained located above the 55-hour SMA on Tuesday and has therefore maintained its movement in a narrow ascending channel.
As a result, the Pound was located between the 55-, 100– and 200-hour moving averages and the weekly PP this morning. The 55– and 100-period SMAs on the 4H time-frame are likewise bounding the rate.
This session includes three sets of noteworthy fundamental releases that are likely to introduce volatility in the market. It is expected that a breakout from any of the two barriers would direct the rate's further direction today.
In case the 200-hour SMA at 1.4105 is surpassed, the Sterling should target the breached channel line circa 1.4150. On the other hand, a move below its nearest support at 1.4020 is likely to push the Pound down to 1.40.