Pound Maintains The Bearish Path

The published resistance levels located at 1.3800 were able to limit the bullish bias, which forced the pair to trade negatively, heading to touch 1.3730.

On the technical side, we tend to be negative, depending on the breach of the support level of 1.3770, which has turned into a resistance level, in addition to the negative pressure coming from the 50-day moving average.

Consequently, the bearish scenario will remain valid and effective, knowing that trading below 1.3710 facilitates the task required to visit 1.3665, and then 1.3610. Activating the bearish scenario depends on the price remaining below 1.3775.

S1: 1.3710	R1: 1.3770
S2: 1.3665	R2: 1.3810
S3: 1.3605	R3: 1.3840