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The British Pound was able to achieve the target of retesting the resistance, as we mentioned in the previous analysis, touching the target of 1.3890.
On the technical side, we notice signs of a positive crossover on the stochastic indicator, in addition to trading intraday above the minor support 1.3840.
On the other hand, the 50-day moving average is still a negative pressure factor on the price, and although we tend to be negative, we will remain neutral due to the conflict of technical signals.
Activating long positions will only be achieved with the breach of 1.3900, targeting 1.3940, then 1.3980. Activating short positions again requires a clear break of the psychological barrier support level 1.3800 to open the door to 1.3760, then 1.3720.
| S1: 1.3815 | R1: 1.3940 |
| S2: 1.3760 | R2: 1.4010 |
| S3: 1.3685 | R3: 1.4070 |
