Sterling Continues to Achieve Positive Goals

The technical outlook is unchanged, and there was no significant change in the movements of the pound sterling, maintaining positive stability.

On the technical side, the pair succeeded in building a base of 1.3700 support, accompanied by the clear positive signs on stochastic on the 4-hour time frame.

Therefore, the bullish scenario will remain the most preferred today, provided that the breach of 1.3800 is confirmed, targeting 1.3840 and 1.3900 next official station.

The stability of trading above 1.3700 is an essential and basic condition to maintain the bullish context and to break it puts the price under negative pressure that targets a retest of 1.3600.

S1: 1.3740	R1: 1.3800
S2: 1.3700	R2: 1.3840
S3: 1.3665	R3: 1.3900