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Negative trading dominated the pound’s movements against the US dollar, but the support levels published in previous analysis, located at 1.3320, managed to limit the bearish bias.
Technically, today we find the price is still stable above the aforementioned support, and we find Stochastic trying to get rid of the intraday negativity and start sending positive signals.
From here, we will maintain our positive expectations, targeting 1.3440 / 1.3450 the first target, and the breach thereof is a catalyst for visiting 1.3500.
Only from below the confirmation of the breach of the 1.3320 / 1.3300 support level is capable of completely foiling the attempts to rise, and we may see a bearish daily trend aiming at re-testing the 1.3220 support level.
| S1: 1.3300 | R1: 1.3450 |
| S2: 1.3220 | R2: 1.3530 |
| S3: 1.3145 | R3: 1.3610 |
