Pound Touches First Target And Settled Below Support

The British pound against the US dollar was able to achieve the target of the retest required to be touched at 1.3800.

On the technical side, today the pair broke the support level of 1.3865, a negative factor that increases the possibility of continuing the decline, and we find the RSI indicator stable below the midline of 50.

We tend to be negative, but cautiously, as long as we confirm a break of 1.3800, targeting 1.3770, and then 1.3730, a next stop. Activation of the bearish scenario depends on trading remaining below 1.3900.

Note: Stochastic is trying to push the pair up.

Note: The level of risk may be high.

S1: 1.3770	R1: 1.3900
S2: 1.3730	R2: 1.3975
S3: 1.3665	R3: 1.4015