The price has got above a short-term descending trend line, but really needs to break up above the resistance level at $1.3107 to attract buyers.
that the price would likely rise further, so I was seeking to enter a long trade from a bullish bounce at any of the identified support levels.
The technical picture has become a little less bullish although the price has risen further over the past week.has lowered expectations of further rate hikes, suggesting we will soon see the end of monetary tightening by the Federal Reserve. On the other hand,These central bank conditions put this pair in focus, but over the past few days the Pound has become less bullish, while the Euro has taken over the leading role in advancing to new long-term highs against the greenback.
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