Cable dropped yesterday testing the 1.3175 (S1) support line, yet failing to clearly break it and remaining above it during today’s Asian session.
We could see the pair maintaining a sideways movement, yet Brexit developments along with financial releases, could keep the pound under pressure, providing for some bearish tendencies for the pair today.
Should the bears actually take over, we could see cable breaking the 1.3175 (S1) support line and aim for the 1.3070 (S2) support barrier.
Should on the other hand the bulls take over, we could see the pair breaking the 1.3265 (R1) resistance line and aim for the 1.3350 (R2) resistance barrier.