The Pound Touches The Target, Positivity Remains

The British Pound succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved at 1.3310, to hit its highest level at 1.3113.

Technially, and with a closer look at the 4-hour chart, we find positive crossover signs appearing on the stochastic, supporting the return of the bullish bias.

From here, with the stability of intraday trading above the support floor of 1.3170, this encourages us to hold onto our positive expectations, targeting 1.3285 as a first target, and then 1.3360 an initial station that may extend its gains later towards 1.3420.

From the bottom, the return of trading stability again below 1.3160 ​​is capable of negating the bullish bias and forcing the pair to retreat to visit the initial target 1.3110.

S1: 1.3160	R1: 1.3285
S2: 1.3110	R2: 1.3360
S3: 1.3040	R3: 1.3410