The British Pound Continues to Gain

The British pound showed moves against the greenback to achieve strong gains, attacking the psychological barrier of 1.3200, reaching a high of 1.3193.

Technically, the intraday trading remains stable above 1.3110 with the positive motive from the 50-day moving average that meets at the aforementioned level and adds more strength.

The bullish scenario will remain intact, knowing that the breach of 1.3200, and most importantly 1.3215, is a catalyst that enhances the chances of the rally to visit 1.3255, then 1.3315 as a first stop that may extend later towards 1.3360.

Returning to trading below 1.3100 delays the bullish chances, but does not negate it, and we may witness a re-test of 1.3000 before resuming the rally again.

S1: 1.3110	R1: 1.3215
S2: 1.3050	R2: 1.3255
S3: 1.3010	R3: 1.3315