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Royal Rebound

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Sterling Pound versus American Dollar continued to trade with a series of declines. Yesterday's prices reached the lowest price of last December 1.3389.

Technical Comment: GBPUSD dropped to 1.3395, where prices found a support area of 1.3395-1.3330 forming a positive price divergence. This may work to form a rebound towards 1.3550 - 1.3700.

Comment on the previous analysis: GBPUSD recorded the first target at 1.3515.

Expected Daily Trend: Bullish above 1.3395-1.3330

 

Important Levels:

Support: 1.3395 - 1.3360 - 1.3280

Resistance: 1.3500 - 1.3550 - 1.3620

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