Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British pound rose against the US dollar within the expected upward path touching the first target to be achieved at 1.3760, approaching a few points difference from the second target 1.3790, recording its highest level during the morning period of the current session 1.3783.
On the technical side, today we will maintain our positive outlook, relying on the confirmation of the pair’s breach of the resistance level of 1.3715, confirming the breach of 1.3570, accompanied by the positive motivation of the 50-day moving average.
Therefore, we continue to complete the objectives of the previous analysis, 1.3815 first target, and then 1.3850 next stop. The bullish scenario requires the intraday stability above 1.3750, and in general above 1.3710.
| S1: 1.3715 | R1: 1.3815 |
| S2: 1.3645 | R2: 1.3850 |
| S3: 1.3610 | R3: 1.3920 |
