Pound Continues to Gain Ground

The pound sterling traded against US Dollar in a noticeable positive way, touching the second target to be achieved during the last analysis, located at 1.3430, to hit its highest level at 1.3442.

On the technical side today, and with the pair’s success in building a base on the pivotal support floor of 1.3320, accompanied by the pair continuing to obtain a positive barrier from the simple moving averages.

This encourages us to maintain our positive expectations, targeting 1.3470 / 1.3480 an official target for the current session, and the breach thereof increases and confirms the strength of the bullish trend, opening the way for the pair to achieve gains that extend to 1.3520. Activation of the bullish scenario depends on the ability of the pair to maintain stability above 1.3320.

S1: 1.3340	R1: 1.3470
S2: 1.3265	R2: 1.3520
S3: 1.3215	R3: 1.3595