The British pound appreciated 0.43. % against the US Dollar since Wednesday’s session. The currency exchange pair broke the resistances of the 50.00% Fibo, the weekly R1 at 1.3178 and the monthly R1 at 1.3185 due to UK retail sales data release which was released at 08:30 GMT on Thursday.
In the near-term future, most likely, the rate will bounce off the upper boundary of the medium ascending channel to stay trading into the pattern during the day.
On the other hand, the rate may break the medium pattern line due to the support of the monthly R1 at the 1.3185 mark to trade near the 1.3240 level.
