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The British pound succeeded in providing positive trading at the expense of the US dollar, attacking our first required target at 1.3710, recording its highest level at 1.3718.
On the technical side today, we find the simple moving averages continue to hold the price from below, and we find the RSI indicator stable above the 50 midline.
Despite the technical factors that support the possibility of the upside, we prefer confirming the breach of 1.3710 / 1.3720 to complete our bullish targets towards 1.3765 / 1.3770, and the gains may extend later towards 1.3800.
In the event that the pair fails to overcome the upside of the aforementioned resistance and returns to trade again below 1.3630, from here we may witness a bearish slope targeting 1.3580, and then 1.3540.
| S1: 1.3630 | R1: 1.3725 |
| S2: 1.3580 | R2: 1.3770 |
| S3: 1.3535 | R3: 1.3820 |
