Open trading account 
Sterling eased against the US dollar during yesterday's session. The fall was stopped by the 1.28 level.
On Friday morning European session, the exchange rate is recovering and establishing a foothold within the 1.2830/40 area, where the weekly R1 (1.2833) is located at.
Resistance is now offered by the 100-hour SMA (1.2846), followed by the upper boundary of the hourly Bollinger bands (1.2858) and then by the 55-hour SMA (1.2870).
Support is now seen at the lower boundary of the hourly Bollinger bands (1.2786) followed beneath by the weekly PP (1.2748).
On Friday morning European session, the exchange rate is recovering and establishing a foothold within the 1.2830/40 area, where the weekly R1 (1.2833) is located at.
Resistance is now offered by the 100-hour SMA (1.2846), followed by the upper boundary of the hourly Bollinger bands (1.2858) and then by the 55-hour SMA (1.2870).
Support is now seen at the lower boundary of the hourly Bollinger bands (1.2786) followed beneath by the weekly PP (1.2748).
