GBP Remains Bullish on Track

The British Pound maintains its bullish path against the US dollar, approaching a few points difference from the target published in the previous analysis, located at 1.3400, posting a high of 1.3397.

Technically, and with a closer look at the 4-hour chart, we find the stochastic trying to obtain more bullish momentum, and since the price is stable above the support floor of 1.3320 / 1.3310 accompanied by the RSI obtaining positive signs on short time frame.

Therefore, we will maintain our positive outlook, provided that the breach of 1.3400 is confirmed, targeting 1.3455 as a first target, then 1.3490.

A reminder that the activation of the bullish scenario requires that stability above 1.3310, and breaking it puts the price under negative pressure, aiming to re-test 1.3270. The price must be carefully monitored around this level due to its importance for the general trend in the short term.

S1: 1.3325	R1: 1.3420
S2: 1.3270	R2: 1.3455
S3: 1.3230	R3: 1.3510