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The British pound declined against the US dollar within the expected negative outlook, touching the first bearish target published in the last analysis at 1.3345, recording its lowest price at 1.3349.
On the technical side, today, the bearish trend is still on the table based on the stability of the pair below the pivotal resistance level at 1.3410 and the pair’s continuing negative pressure from the simple moving averages.
Therefore, the bearish scenario will remain the most favor, towards the next target, 1.3300, as an initial official station for the current downside wave, knowing that breaking it will facilitate the mission required targeting 1.3250 and 1.3190.
Rising again above 1.3410 will postpone the chances of a decline, but it does not cancel them, and we may witness a temporary bullish path that aims to retest 1.3500 before retracing.
| S1: 1.3300 | R1: 1.3410 |
| S2: 1.3250 | R2: 1.3465 |
| S3: 1.3180 | R3: 1.3500 |
