Open trading account 
Sterling is trading above the 1.30 level on Friday morning European session and ahead of the weekend.
The exchange rate trades at 0600 UTC near the 1.3030 level. Yesterday the exchange rate moved below the 1.30 area for the first time this year. The fall was hindered by the 1.2950 level.
The lower boundary of the hourly Bollinger bands is located at 1.2970, while the upper at 1.3040, followed by the 55 and 100-hour SMAs at 1.3045 and 1.3121, respectively.
If the exchange rate manages to cross above the upper boundary of the Bollinger bands and the 55-hour SMA, gains shall likely be hindered ahead of the 100-hour SMA by the weekly PP (1.3104). Otherwise, a retest of the weekly S1 (1.2973) will likely occur.
The exchange rate trades at 0600 UTC near the 1.3030 level. Yesterday the exchange rate moved below the 1.30 area for the first time this year. The fall was hindered by the 1.2950 level.
The lower boundary of the hourly Bollinger bands is located at 1.2970, while the upper at 1.3040, followed by the 55 and 100-hour SMAs at 1.3045 and 1.3121, respectively.
If the exchange rate manages to cross above the upper boundary of the Bollinger bands and the 55-hour SMA, gains shall likely be hindered ahead of the 100-hour SMA by the weekly PP (1.3104). Otherwise, a retest of the weekly S1 (1.2973) will likely occur.
