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The British pound managed to touch the first bullish target published during the previous analysis at the price of 155.00, approaching the next stop by a few points difference at 155.45, recording a high of 155.30.
On the technical side, we tend to the positivity in our trading, relying on the continuation of the pair receiving a positive motive from the 50-day simple moving average and the pair’s success in stabilizing above the support level of 154.50.
This encourages us to maintain our positive expectations, complementing the previous analysis targets 155.65, a first target. Its breach is a catalyst factor that enhances the chances of touching 156.10, as long as the intraday trades are stable above 154.40.
| S1: 154.45 | R1: 155.65 |
| S2: 153.70 | R2: 156.10 |
| S3: 153.10 | R3: 156.80 |
