• The Sterling remained in strong bearish tone against dollar on Tuesday as selling interest continued as concerns over next year's Brexit negotiations continued to weigh heavily on sterling.
   
• The pair made session high at 1.2269 but declined slightly to trade at 1.2255 levels.
   
• The pair remains under bears control unless until it trades below 1.2345 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 1.2296, a break above this level would expose to cable to next resistance level at 1.2345.
   
• To the downside immediate support can be seen at 1.2242, a break below will open the door towards next level at 1.2200.
  
  Resistance Levels
  
  R1: 1.2296 (50% Retracement Level)
  
  R2: 1.2345 (61.8% Retracement Level)
  
  R3: 1.2394 (Dec 21st high)
  
  Support Levels
  
  S1: 1.2242 (38.2% Retracement Levels)
  
  S2: 1.2200 (Psychological levels)
  
  S3: 1.2185 (23.6% Retracement Levels)