Source: PaxForex Premium Analytics Portal, Technical Insight
The divergent BoE-Fed policy expectations might continue to lend support to the Pound.
Pivot: 1.7775
Analysis:
While the price is below 1.8000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.7775
- Take Profit 1: 1.7500
- Take Profit 2: 1.7300
Alternative scenario:
If level 1.8000 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.8000
- Take profit 1: 1.8100
- Take Profit 2: 1.8200
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.8200 | 1.7500 |
| 1.8100 | 1.7300 |
| 1.8000 | 1.7200 |
