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Positive trading dominates the pound against the US dollar after it managed to break 1.3175.
On the technical side, we find the 50-day moving average holding the price, as we find the pair continues to get bullish momentum from the RSI. As long as trading remains above 1.3140 / 1.3120, the bullish bias is likely today, targeting 1.3275 as a first target, knowing that breaching it extends the pair’s gains towards 1.3310.
Trading below 1.3120 is able to negate the suggested bullish scenario and lead the pair to a downside targeting 1.3065 and later extending towards 1.3020.
| S1: 1.3140 | R1: 1.3270 |
| S2: 1.3065 | R2: 1.3310 |
| S3: 1.3020 | R3: 1.3390 |
