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The British pound managed to touch the first target required at 152.80, then declined quickly towards 151.00.
Technically, with the negative pressure of the simple moving averages and the apparent negativity features on the stochastic indicator.
Therefore, the bearish bias is preferred today, provided that we confirm the breach of the psychological barrier of 151.00, and this facilitates the task required to visit 150.70, a first target, and losses may extend later to visit 150.20.
The return of trading stability above and surpassing up to the resistance level of 152.40 increases the possibility that the pair will recover again, so we will be waiting for 153.40.
| S1: 150.70 | R1: 152.40 |
| S2: 150.00 | R2: 153.40 |
| S3: 148.95 | R3: 154.10 |
