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The British pound managed to retest the resistance published during the previous analysis, at 1.3660, to return to the bearish bias again.
Technically, we tend to the negativity, relying on the stability of the intraday trading below 1.3640 accompanied by the negative pressure coming from the 50-day moving average and the RSI losing the bullish momentum on the short time frames.
Therefore, there is a possibility to visit 1.3560, a first target, knowing that the decline below the target level can achieve more losses, so the door is open to visit 1.3520 next price station as long as the pair is stable below 1.3640 and most importantly 1.3660.
Warning: CFD trading involves risks; all scenarios may occur.
| S1: 1.3560 | R1: 1.3640 |
| S2: 1.3520 | R2: 1.3700 |
| S3: 1.3470 | R3: 1.3740 |
