Pound Retesting Support

Trading tilted to the positivity, which dominated the pound’s movement against the US dollar, recording its highest near the 1.3650 resistance level.

On the technical side, we find the pair collided with the resistance level of 1.3650 and the RSI indicator started gradually losing the bullish momentum, accompanied by the clear negative features that started to appear on the stochastic indicator.

We may witness a slight bearish bias during the coming hours, aiming to re-test 1.3560, and it may extend towards 1.3515. From the top, crossing to the upside and rising again above 1.3650 will immediately stop the aforementioned slight bearish tendency, and the pair will recover, with the first target of 1.3700 and 1.3750, respectively.

S1: 1.3560	R1: 1.3650
S2: 1.3515	R2: 1.3700
S3: 1.3470	R3: 1.3745