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The British Pound against the US Dollar dropped on last Friday at the 1.5725 support level, a 2-month low and since then is trading close to that level. At the moment a dead cross is formatted between the (10) Moving Average and the (50) Moving Average on the daily chart, however the price pattern does not indicate any reversal of the trend. The 1.5725 is a strong support as it is confirmed by the Bollinger Bands, therefore we may see some sideways in the short-term. Lastly looking at the oscillators, the Momentum (7) is near extreme levels down and the Stochastic is at the oversold area indicating that the downward momentum is weaker.

| LEVELS |
VALUE |
| RES 3 |
1.6305 |
| RES 2 |
1.6081 |
| RES 1 |
1.5961 |
| SUP 1 |
1.5725 |
| SUP 2 |
1.5598 |
| SUP 3 |
1.5225 |