The current price: 1.2170
Key point: 1.2000
Our preferred direction: buying positions above 1.2000 levels, targeting 1.2300 as a first target, then 1.2410 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1.2000, targeting 1.1800.
Technical comment
The pound-dollar pair is moving above the ascending trend line from the bottom of last September, the highest support levels 1.1900-1.2000, and the highest 200-day moving average, so that the price is expected to rise to 1.2415 levels
