Pound/dollar is confined to a clear range in September – support is at the double-bottom 1.3725 and robust resistance is at 1.3895, a quadruple top, which held cable down since mid-August. Momentum on the four-hour chart is to the upside and the currency pair trades above the 50 and 200 Simple Moving Averages.
Above 1.3895, the next levels to watch are 1.3950, 1.3985, and 1.4010.
Support awaits at 1.3785, followed by 1.3725 mentioned earlier, and then by 1.3675.
Above 1.3895, the next levels to watch are 1.3950, 1.3985, and 1.4010.
Support awaits at 1.3785, followed by 1.3725 mentioned earlier, and then by 1.3675.