• The Sterling remained in strong bearish tone against dollar on Tuesday ahead of a second vote in Britain's upper house of parliament on legislation giving Prime Minister Theresa May the right to start formal Brexit talks.
   
• Britain's House of Lords will on Tuesday try to force the government to give lawmakers a greater say over the terms of Britain's exit from the EU and final approval of an eventual deal with the bloc.
   
• The pair made session low at 1.2171 but recovered slightly to trade at 1.2182 levels in early US session.
   
• The pair remains under bears control unless until it trades below 1.2285 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 1.2227, a break above this level would expose to cable to next resistance level at 1.2285.
   
• To the downside immediate support can be seen at 1.2172, a break below will open the door towards next level at 1.2102.
  
  Resistance Levels
  
  R1: 1.2227 (50% Retracement Level)
  
  R2: 1.2285 (61.8% Retracement Level)
  
  R3: 1.2331 (March 1st high)
  
  Support Levels
  
  S1: 1.2172 (38.2% Retracement Levels)
  
  S2: 1.2102 (23.6% Retracement Levels)|
  
  S3: 1.2033 (Jan 11th lows)