The pound has reached the expected targets. And during Asian trading session as the majority of the currencies it has been corrected from the resistance levels. At the moment the support level testing is happening. If it comes out successful, the price will be likely to pass the level of 1.4425, after what an uprising to the level of 1.4555 can be forecasted. In case of the failing test and fixation below the support the price will correct deeper to the level of 1.4245.
Trading recommendations:
-to buy cautiously, the first target is 1.4425, the following is 1.4555.
