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The British pound was able to touch the first official leg required during the previous analysis at 1.3580, record the highest level at 1.3590, and witness the current movements a bearish tendency as a result of approaching the resistance of the psychological barrier 1.3600.
On the technical side today, we notice that the pair started negative pressure on the 1.3510 support floor, accompanied by clear negative signs on the RSI and its stability below the mid-line 50, in addition to trading stability below 1.3580.
It may be a possibility of a bearish bias, knowing that the decline depends on breaking 1.3480, which puts the price under negative pressure towards 1.3430; if the pair succeeds in consolidating above 1.3580, that may lead the price to visit 1.3610 and 1.3640.
Note: the level of risk may be high.
| S1: 1.3510 | R1: 1.3580 |
| S2: 1.3480 | R2: 1.3610 |
| S3: 1.3430 | R3: 1.3650 |
