The British pound is hovering around the resistance

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals to find that the pound sterling starts trading today within a bullish context, benefiting from the pivot on the 1.3570 support level.

The pair is now hovering around the resistance level of the psychological barrier 1.3600, trying to breach it, accompanied by the attempts of the RSI to stabilize above the mid-50 line, in addition to the attempts of the 50-day moving average to push the price to the upside.

Therefore, there may be an opportunity for a bullish bias to occur that targets 1.3655/1.3650, and its breach is a catalyst that enhances the chances of a rise towards 1.3720 next station.

Activating the bullish scenario will be with caution, provided that trading remains above 1.3570, and breaking it will renew the chances of the bearish bias dominating the pair towards 1.3500 areas.

S1: 1.3570	R1: 1.3655
S2: 1.3525	R2: 1.3710
S3: 1.3470	R3: 1.3750