Open trading account 
Sterling is rising against the US dollar on Thursday morning European session.
The exchange rate trades at 0650 UTC near 1.3195/1.3200 area. It has managed to move above the 20-day SMA (1.3174) during the Asian session and the rise will likely continue towards the 1.3284, where the 55-day SMA is located at.
The upper boundary of the hourly Bollinger bands is located at 1.3225 and will act as the first immediate target, then the 55-day SMA.
The 20-hour SMA is located at 1.3181, below there a couple of figures within 1.3125/50 are located at, such as the 55 and 100-hour SMAs and the lower boundary of the hourly Bollinger bands.
The hourly RSI ticks at 70.75.
The exchange rate trades at 0650 UTC near 1.3195/1.3200 area. It has managed to move above the 20-day SMA (1.3174) during the Asian session and the rise will likely continue towards the 1.3284, where the 55-day SMA is located at.
The upper boundary of the hourly Bollinger bands is located at 1.3225 and will act as the first immediate target, then the 55-day SMA.
The 20-hour SMA is located at 1.3181, below there a couple of figures within 1.3125/50 are located at, such as the 55 and 100-hour SMAs and the lower boundary of the hourly Bollinger bands.
The hourly RSI ticks at 70.75.
