Pound holds steady ahead of BoE

Cable regained traction and heads higher after post-Fed dip was short-lived as the action on Wednesday remained within daily cloud, with cloud base (1.3032) marking solid support.
Fresh advance probes again above 30SMA and Fibo 61.8% barriers at 1.3050/62, after the pair spiked to 1.3102 on Wednesday, but failed to close above these barriers.
Daily techs are mixed as momentum is flat, MA’s mainly in bullish setup but stochastic is overbought.
Renewed Brexit optimism keeps pound supported, but today’s key event – BoE rate decision, would give fresh direction signals.
The central bank is expected to hold fire today, but markets will focus on post- meeting comments for potential signals for BoE’s future steps.

Res: 1.3080; 1.3102; 1.3123; 1.3132
Sup: 1.3038; 1.3029; 1.3010; 1.2977