The pound recorded a slight increase against the dollar on Tuesday. The pair failed to break the narrow range of the past few days, but short-term expectations remain in favor of the British currency. In this case, the resistance at 1.3420 is still in risk. Tuesday's session was opened at a 1.3364 rate and the closing price was 10 pips higher. The trend was neutral at first, with the bullish sentiment prevailing in the afternoon, marking a peak for the day at 1.3388.
The British pound recorded a modest rise against the US dollar on Thursday. The session started at 1.3514 and the pound added 35 pips. The price managed to break the first resistance at 1.3540 and if the direction of movement went up the pair would head for resistance at 1.3655. On the downside, the goal will be the support at 1.3540.
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