01.02.2022
The pound sterling against the dollar tested the pivotal resistance 1.3460 and kept its stability below it, accompanied by the appearance of negative signals through the stochastic indicator, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.3400 then 1.3310 as main negative stations.
The moving average 50 supports the expected decline, which will remain valid as long as it remains below 1.3460.
The expected trading range for today is between 1.3350 support and 1.3520 resistance.
The forecast general trend for today: Bearish.
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