Open trading account 
Sterling is flat against the US dollar on Thursday morning European session.
The exchange rate trades at 0645 UTC near the 1.2880 area, where the 20-hour SMA is located at.
The upper boundary of the hourly Bollinger bands stands at 1.2895, while the lower at 1.2862.
Above the upper boundary of the hourly Bollinger bands lies the 55 and 100-hour SMAs at 1.2920 and 1.2948, respectively. Within those two previous mentioned figures lies the weekly and monthly S1, both at 1.2931.
Likely the exchange rate may be able to erase yesterday's losses and establish a foothold above the 1.29 level during part of today's session. Eventually and ahead of the weekend, the bears will try to emerge and drive exchange rate to the 1.28 level.
The exchange rate trades at 0645 UTC near the 1.2880 area, where the 20-hour SMA is located at.
The upper boundary of the hourly Bollinger bands stands at 1.2895, while the lower at 1.2862.
Above the upper boundary of the hourly Bollinger bands lies the 55 and 100-hour SMAs at 1.2920 and 1.2948, respectively. Within those two previous mentioned figures lies the weekly and monthly S1, both at 1.2931.
Likely the exchange rate may be able to erase yesterday's losses and establish a foothold above the 1.29 level during part of today's session. Eventually and ahead of the weekend, the bears will try to emerge and drive exchange rate to the 1.28 level.
