Sterling Retests Resistance

Negative trading dominated the movements of the pound sterling against the US dollar, heading to visit the first target at 1.3285, recording at a low at 1.3278.

Technically, some signs of a positive crossover started appearing on stochastic, but the 50-day moving average continues negative pressure on the price from above.

In the coming hours, we may witness a narrow ascending path to retest 1.3380/1.3370 before declining again, knowing that the expected bullish limited bias contradicts the bearish trend, with official targets around 1.3200 once 1.3280 is broken.

S1: 1.3285	R1: 1.3370
S2: 1.3240	R2: 1.3410
S3: 1.3200	R3: 1.3460