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The British Pound found a strong support floor near the psychological barrier of 1.3200, to start its daily trading positively, and hover around the resistance level at 1.3280.
Technically, the simple moving averages continue to hold the price from below, and we find the RSI indicator stable above the mid-line.
From here, intraday trading remains above 1.3220 and generally above 1.3170, which encourages us to maintain our positive expectations, knowing that trading above 1.3310 accelerates and confirms the strength of the daily bullish trend to continue the rise towards 1.3345 and then 1.3375 / 1.3380, a next stop.
The pair’s break of the support level of 1.3170 is able to negate the attempts to rise and put the price under strong negative pressure targeting 1.3110 before rising again.
| S1: 1.3220 | R1: 1.3310 |
| S2: 1.3165 | R2: 1.3345 |
| S3: 1.3130 | R3: 1.3400 |
