Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The British pound witnessed a noticeable decline against the US dollar touching the first target required to be achieved mentioned in the previous analysis at 1.3520, and gradually approaching the second target 1.3475, recording its lowest level during early trading for the current session 1.3495.
On the technical side today, the confirmation of the breach of 1.3550, in addition to the bearish technical structure shown on the chart, are technical factors that encourage us to maintain our negative outlook over the coming hours, targeting 1.3445 the first target, and then 1.3395 a next station, which extend later to 1.3360.
Activating the bearish scenario requires price stability below 1.3540.
| S1: 1.3445 | R1: 1.3590 |
| S2: 1.3395 | R2: 1.3685 |
| S3: 1.3300 | R3: 1.3735 |
