The British pound had an upward rally to the 1.6306 level (last fractal daily). The market is rather overbought at the moment. A daily closure above 1.6305 will be the start of a new upward rally but I consider it is highly unlikely. In fact at this time it is recommend selling the pair only with a very tight stop loss about 25 pips above the high of today.
On the other hand, you can buy in the support level 1.6135 fractal.
The trend indicator is showing a bearish reversal.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
