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The British Pound achieved the first bearish target published in the previous analysis, located at 151.60, to record its lowest level at 151.60.
On the technical side, today, we tend to the negative, relying on the clear negative signs on stochastic, in addition to the stability of trading below 152.60.
Therefore, the bearish bias is likely today, targeting 151.40 and then 150.90, respectively, taking into account that breaking the latter puts the price under negative pressure towards 150.20.
Trading again above 152.60 cancels the bearish scenario, and the pair will recover again to retest 153.30.
| S1: 151.40 | R1: 152.60 |
| S2: 150.90 | R2: 153.30 |
| S3: 150.20 | R3: 153.80 |
