The pound remains under pressure

The British pound remains under pressure against the US dollar, after the publication of data on business activity in the service sector of the UK.

• According to the published data, the index of business activity in the services sector in March fell to the level of 51.7, against the previous value of 54.5.

Technical Analysis: Since the end of last week, the GBP/USD pair is moving in the flat range on the chart H1. The main resistance level is considered at the level of 1.4100, in case of breakdown of which it is necessary to expect further growth of the instrument price to the levels of 1.4160, 1.4190. The closest level of support is at 1.4010, which has been repeatedly tested by the price and at the next attempt can be breached. In this case the further reduction of the price to 1.3970, 1.3925 is expected.

Fig. GBP/USD. The current price is $ 1.4039.

Alexander Sivtsov