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The British Pound failed to resume the rally against the US dollar after finding a strong resistance level around the psychological barrier of 1.4200.
On the technical side, we are negatively biased in our trading, depending on the breach of the 1.4170 support level, which has now been converted into a resistance level, in addition to the negative signs coming from the RSI.
Thus, the bearish bias is likely today, knowing that trading below 1.4110 facilitates the task required to visit 1.4070, a first target and breaking it puts the pair under strong negative pressure, its next target 1.4000.
From the top, a rise above 1.4170 increases the possibility of a retest of 1.4200/1.4210 before attempting to decline again.
| S1: 1.4070 | R1: 1.4170 |
| S2: 1.4040 | R2: 1.4215 |
| S3: 1.3995 | R3: 1.4255 |
