The Pound Continues to Advance

Notable positive transactions dominated the pound sterling against the US dollar, recording its highest level during the Asian session for the current session 1.4083.

On the technical side, the 50-day moving average supports the bullish chances, in addition to trading remaining above 1.4000 support.

We are targeting 1.4120 as a first target, knowing that its breach is a catalyst that increases the possibility of hitting 1.4150/1.4155, awaiting the next stop that may extend its targets later towards 1.4200.

The suggested scenario depends on trading remaining above the 1.4000 support level.

S1: 1.4015	R1: 1.4120
S2: 1.3945	R2: 1.4155
S3: 1.3900	R3: 1.4225