• The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1.4285 levels after US market opened.
   
• The pair has to break resistance level at 1.4348 levels in order find any bullish momentum, unless until trend continues to be strongly bearish for this pair.
   
• To the upside, the strong resistance can be seen at 1.4348, a break above this level would expose the cable to next resistance level at 1.4400.
   
• To the downside immediate support can be seen at 1.4245, a break below at this level will open the door towards next level at 1.4189.
  
  Resistance Levels
  
  R1: 1.4321 (Daily highs) 
  
  R2: 1.4348 (61.8% Retracement level)    
  
  R3: 1.4400 (Psychological levels )
  
  Support Levels
  
  S1: 1.4245 (50% Retracement level)                        
  
  S2: 1.4189 (Daily lows)
  
  S3: 1.4150 (50% Retracement level)