Sterling Pound Continues to Advance

The British pound continues to advance against The US dollar, maintaining positive stability, as the current moves in the pair witness stability above the 1.3700 level.

On the technical side, today, with the pair continuing to obtain a positive stimulus from the 50-day moving average, which continues to hold the price from below, it meets around the support level of 1.3700 and adds more strength to it.

This encourages us to maintain our positive outlook, provided that the 1.3750 breach is confirmed which confirms and accelerates the strength of the daily bullish trend, so that we are waiting for 1.3770 and 1.3810 respectively, and the gains may extend to 1.3850, in general, we continue to suggest the daily bullish trend as long as trading is stable above 1.3650.

S1: 1.3675	R1: 1.3770
S2: 1.3615	R2: 1.3810
S3: 1.3570	R3: 1.3870