Pound Retest Resistance

The current moves of the pound sterling against the US dollar are witnessing positive movements that are still limited due to the stability of trading below 1.3480.

On the technical side, the 50-day moving average is still pressuring the price from the top, meeting around 1.3430 and adding more strength to it, and we find the stochastic is still providing positive signals, by moving to short intervals, we find the RSI trying to obtain a bullish momentum that may push The pair during the next hours to visit 1.3430, and then 1.3470, before resuming the decline again.

Note: the bullish slight inclination does not coincide with the daily bearish trend, its targets are around 1.3320 and 1.3230.

Note: The level of risk may be high.

S1: 1.3315	R1: 1.3480
S2: 1.2325	R2: 1.3560
S3: 1.3150	R3: 1.3645