The British pound failed to close above the 1.6135 fractal. We have mentioned this level for several times as a key level due to the downward pressure increases below this level. On the other hand, a weekly close above this level will be the start of the continuation of the upward trend that could lead quickly to the level of 1.62 and 1.63. Therefore, we must always observe this level. However, you can see on the chart that the pair is trading at 1.6120 at the moment. You can sell at current levels or wait until 1.6135.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
