Lloyds continues to recover from its recent decline.

Lloyds has recovered some of its losses from Thursday's 2.7% drop after JPMorgan announced better-than-expected results, causing the banking sector to recover slightly. Lloyds is lagging behind a little, however because of this it could provide a possible good buying opportunity. Looking at the technical chart, support for Lloyds sits at 48.40p (100 SMA). A breakdown below here could see the stock fall towards 48.00p. MACD has turned positive after the decline yesterday with resistance at the current 49.00p region. A break above here could see Llloyds move towards the weekly highs at 50.00p