The Pound Compensates For Its Losses Against The Dollar

Positive trading regained control of the pound sterling against the US dollar after several consecutive sessions of achieving losses to return to the bullish rebound, benefiting from the pivot on the 1.3790 support level.

On the technical side, today we tend to the positivity, 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 carry the price from below.

Therefore, price stability above 1.3910, 61.80% correction, may enhance the chances of visiting 1.3945 first target, and then 1.3990.

Trading below 1.3820 will immediately stop the bullish bias and put the pair under negative pressure again, with targets starting at 1.3745 and 1.3710, respectively.

S1: 1.3820	R1: 1.3945
S2: 1.3745	R2: 1.3990
S3: 1.3700	R3: 1.4065