The British Pound Continues to Recover Against The Dollar

The British pound maintains its positive trading within a gradual rise to the upside against the US dollar after finding a good support level around 1.3810.

On the technical side, we tend to be positive, but with caution, relying on the pair’s breach of the 1.3820 level, accompanied by the positive motive coming from the simple moving averages that returned to hold the price from below.

Therefore, the bullish bias is likely today, targeting 1.3920 and 1.3950, respectively, knowing that the official target for the current bullish bias is 1.3990.

The return of trading stability again below 1.3580, and most importantly 1.3810 will immediately stop the completion of the attempts to rise and put the price under negative pressure to retest 1.3770 and 1.3720.

S1: 1.3850	R1: 1.3920
S2: 1.3810	R2: 1.3950
S3: 1.3770	R3: 1.3990