The British pound succeeded in achieving the expected positive outlook Mentioned in the previous analysis, touching the goal of 1.3500, posting a high of 1.3500.
On the technical side, and with trading above the pivot support level, which represents the key to protecting the upside move at 1.3220, in addition to the pair continuing to get a positive stimulus from the 50-day moving average.
This encourages us to maintain our positive outlook, knowing that the breach of psychological barrier 1.3500 confirms the strength of the bullish trend with the target of 1.3580 and may extend later to 1.3660. Activating the bullish scenario requires stability in general above 1.3220.
Warning: US Jobs data are due today, which may have a significant impact on market movements and may witness price fluctuation
S1: 1.3375 | R1: 1.3520 |
S2: 1.3290 | R2: 1.3580 |
S3: 1.3220 | R3: 1.3665 |