The pound sterling against the dollar rebounded significantly downwards after touching the 1.3130 level yesterday, to put pressure on the support line that appears in the image, which provides signs of the price direction to achieve more expected decline On the intraday basis, on his way to test the most important support level at 1.2965.
Consequently, the bearish bias will be expected during the upcoming sessions, bearing in mind that breaking the target level will put pressure on the price to incur additional losses reaching 1.2828, while the bearish trend will remain valid unless the price is able to The breach of 1.3115 and holding above it.
The expected trading range for today is between 1.2930 support and 1.3100 resistance
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