GBP Fully Neutral Until The Clarity of Direction

The pound managed to touch the official target of the current bearish wave referred to during the previous analysis, located at 1.3140, to record the lowest price at 1.3140.

On the technical side, the published support levels, represented in the target, were able to limit the bearish tendency for the pair to return again, targeting a re-test of 1.3320, with a closer look at the chart, a 4-hour interval, we find a rising price gap and we find the pair is stable above the support floor of 1.3250, taking advantage of the clear positive signs On the Relative Strength Index.

Although we tend to be positive in our intraday trading, we prefer to remain neutral due to the high level of risks compared to the expected return. The daily trading range is between 1.3180 and 1.3410. Price gap coverage alert is still valid.

S1: 1.3180	R1: 1.3410
S2: 1.3045	R2: 1.3505
S3: 1.2955	R3: 1.3640