27.04.2022
The pound sterling against the dollar fell strongly yesterday, reaching the target 1.2590, thus giving a signal to continue the decline in the medium term, and reaching the target 1.2500 as its first target.
Therefore, the downward path remains the most likely during the coming period. With attention to any attempt by the price to break the resistance level 1.2600, it will form pressure on the price to start an upward correction.
The expected trading range for today is between the support 1.2490 and the resistance 1.2640.
Support: 1.2590—1.2550—1.2500.
Resistance: 1.2625—1.2650—1.2700.
The trend for today: bearish.
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