The current price: 1.2080
Key point: 1.2010
Our preferred direction: buying positions above 1.2010 levels, targeting 1.2200 as a first target, then 1.2300 as a second target
Alternative scenario: stop loss and change direction by breaking 1.2010, targeting 1.1845
Technical comment
The pound-dollar pair reached the support levels 1.1905-1.2010, with the existence of the rising trend from last month’s low and above the 200-day moving average, so that the price is expected to rise to 1.2200 levels, then 1.2300 levels
