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Pound was dominated by mixed trading against the US dollar after it made attempts to rise, posting high at 1.3242.
Technically, we are biased towards the positivity, depending on the price’s intraday stability above the support level of 1.3175, which meets around the 50-day average and adds more strength, in addition to stochastic attempts to get rid of the current negativity.
Therefore, confirming the breach of 1.3240 resistance will accelerate and confirm the strength of the bullish bias, to pave the way for the pair to achieve more upside towards 1.3285 then 1.3315.
Only to the downside, with steady trading below 1.3175, will negate any attempts to rise and put the price under negative pressure. Its initial goal is to retest 1.3120 and extend to 1.3080.
| S1: 1.3175 | R1: 1.3255 |
| S2: 1.3130 | R2: 1.3285 |
| S3: 1.3080 | R3: 1.3330 |
