Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British pound continues its gradual rise against the US dollar within attempts to stabilize above the psychological barrier resistance of 1.3700.
Technically speaking, we believe that the upside wave is still a scenario, supported by the continuation of the positive motive of the 50-day moving average.
Therefore, we will maintain our positive expectations targeting 1.3750 / 1.3760 as a first target, while the official target of the current bullish wave is around 1.3800. The suggested scenario depends on the pair remaining above the support floor of 1.3660.
| S1: 1.3660 | R1: 1.3755 |
| S2: 1.3610 | R2: 1.3795 |
| S3: 1.3570 | R3: 1.3845 |
