The pair is still trading below the daily 270 level and the psychological level 1.3000, which is near the 50 day average.
The British pound sterling against the dollar exceeded the level of 1.2845 to head towards more intraday gains, on his way to a possible test of the pivotal resistance 1.2920, and the pair is expected to succeed in penetrating this level supported by the news that supports not to cut interest to head towards 1.2980 - 1.3020.
It is worth noting that the cable is still trading above the 200-day average, which is currently moving at 1.2700 levels to support the bullish momentum and trying to breach the 1.3000 level to open the way to target 1.3200 levels near the reflective angle 315. On the other hand, the failure to maintain the bottom 1.2726 What was achieved by the end of last month will increase the selling pressure to target 1.2660 at mid-price levels up from the September 2019 low at 1.1959.
