Sterling fell for a second session after failing to hold above the 1.3200 psychological level, shifting near-term momentum negative.
Technical outlook
- RSI: Still printing negative signals despite oversold readings—consistent with a dominant downtrend.
- 50-SMA (4H): Price is holding above the moving average, offering some underlying support—hence the mixed picture.
Trade map (wait for confirmation)
- Bearish trigger: A decisive break/4H close below 1.3105 would likely extend losses toward 1.3040.
- Bullish trigger: A confirmed 1H close above 1.3180 would open room for a corrective push toward 1.3210.
Risk note
Volatility is elevated amid trade and geopolitical headlines. Use prudent sizing and firm stops; reassess quickly if either trigger level gives way.
Trading CFDs involves risks, and therefore all scenarios may be plausible. The information provided above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.3095 | R1: 1.3210 |
| S2: 1.3040 | R2: 1.3270 |
| S3: 1.2980 | R3: 1.3325 |
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