Pound Settled Below Resistance

Limited positive attempts by the pound sterling against the US dollar, but quickly gave up its gains after hitting the 1.3850 resistance level.

On the technical side today, we tend to be negative in our trading, relying on trading stability below the psychological barrier of 1.3800, accompanied by the gradual loss of the bullish momentum stochastic.

Therefore, the bearish bias is likely today, targeting 1.3740 the first target, and then 1.3700 the next official stop. Climbing above 1.3800 and the most important 1.3830 will stop the aforementioned reversal attempts, and the pair will recover temporarily, with the aim of retesting 1.3880.

S1: 1.3740	R1: 1.3830
S2: 1.3700	R2: 1.3880
S3: 1.3645	R3: 1.3920