Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British Pound touched the ascending target mentioned in the previous analysis at 1.3800 and recorded a high during the last session at 1.3798.
On the technical side, today, we find negative features that started to appear on stochastic, which does not contradict the daily bullish trend, and the pair is still stable above the 1.3750/1.3730 support level.
Therefore, the bullish scenario will remain valid and effective, knowing that the breach of 1.3800 will facilitate the task required to visit 1.3840 and 1.3880, respectively. However, in case the 1.3730 support level is broken, this will postpone the bullish scenario, and we may witness a bearish bias, with its initial target 1.3680, and it may extend to visit 1.3650.
| S1: 1.3730 | R1: 1.3800 |
| S2: 1.3680 | R2: 1.3840 |
| S3: 1.3650 | R3: 1.3900 |
