Sterling Maintains The Same Technical Conditions

The technical outlook is unchanged, and the GBP/USD movement did not change much, maintaining the scenario of retesting the resistance.

On the technical side, some positive crossover features started appearing stochastic, accompanied by the momentum indicator getting positive signs on the short price intervals. Still, the 50-day moving average continues negative pressure on the price from the upside.

In the coming hours, we may witness a narrow ascending path to retest 1.3380/1.3370 before declining again, knowing that the expected bullish limited bias does not contradict the bearish trend, whose official targets are around 1.3200 once 1.3280 is broken.

S1: 1.3285	R1: 1.3370
S2: 1.3240	R2: 1.3410
S3: 1.3200	R3: 1.3460