Pound Maintains The Positive Image

The British pound traded on the positive side against the US dollar, benefiting from strong support around 1.2860.

Technically speaking, intraday trading remains above 1.2910 with the positivity of the 50-D SMA

This encourages us to maintain our positive view for targeting the extended resistance 1.2980/1.3000 as a first target, with confirmation of the breach of psychological barrier 1.3000, will accelerate and confirm the strength of the daily bullish trend, awaiting 1.3030.

That bullish scenario intact as trading remains above 1.2860, breaching it may negate the expected bullish scenario and push the pair to the downside around 1.2740.

S1: 1.2860	R1: 1.2980
S2: 1.2790	R2: 1.3030
S3: 1.2740	R3: 1.3100