The pound remains bullish in the short term until the pair faces the weekly resistance, 1.6114 and 1.6135, fractal. If these levels are exceeded and if the pair closes the day above this level, it increase the likelihood that the pair rises to the key 1.63 level. On the other hand, we expect to sell below these levels, as you can see from the chart. At the moment the pound is trading at 1.6086. It is likely to continue rising to 1.6114. You can sell at that level or below 1.6135. Our target will be located at 1.5985.
Tomorrow the market will be very volatile; it will last till the weekend, so we recommend caution.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
