Analysis of the price of the British pound against the dollar
Expected scenarios and trading range The pound sterling price against the dollar stabilizes around the 1.2550 level, awaiting the resumption of the bullish wave to breach the $1.2580 level and confirm the continuation of the rise to achieve new gains up to 1.2624, supported by the 50 moving average that carries the price from below.
The bullish trend scenario will remain valid in the immediate term Breaking 1.2480 will put the price under new negative pressure targeting the 1.2385 areas initially.
Expected trading range Between support 1.2480 and resistance 1.2580
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