| 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 | ⇓ | ⇒ | ⇒ | |
The Sterling has been trading in a channel down against the US Dollar since early May. Thus, the pair has since not been able to form a distinctive movement either direction. No changes to the pair's positioning were likewise introduced on Friday, as the relatively calm session left the rate near the 55-, 100– and 200-hour SMAs.
In case the two shorter-term SMAs and the weekly PP are breached at 1.3540, the rate is likely to edge lower and test its next support—the weekly S1 at 1.3465. A fall below this level is very unlikely, especially if no fundamental releases are scheduled for today.
Meanwhile, a reversal from 1.3540 would send the Pound for a test of the weekly R1 at 1.3622. A possible daily high should be the weekly S2 and the breached senior channel near 1.37.