Current price: 1.2585
Key point: 1.2590
Our preferred direction: buy positions at the highest levels of 1.2590, targeting 1.2750 as the first target, then 1.2830 as the second target.
Alternative scenario: stop loss and change direction by breaking 1.2590, targeting 1.2520 levels
Technical commentary
The pound dollar pair reached the support levels 1.2630-1.2590 on the daily frame. If the price forms price behavior and a peak higher than the peak, the price will be expected to rise to the levels of 1.2750 and then the levels of 1.2830.
