Technical analytics



The pound traded mixed on Tuesday. The major was growing the first part of the day. The recovery move stalled a few pips below 1.3950. The pair retreated afterwards and returned to the 1.3850 handle where the sterling found fresh bids and pulled back towards 1.3900. Buyers kept struggling with the upper limit of the ascending channel in the morning. If they break through GBP/USD may reach 1.3950 in the short-term. If they fail sellers would continue the downward trend heading towards 1.3750 first

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