The British pound is around weekly pivot. This level is key to decide whether the pair continues to rise or is going to decline. Here we choose to buy if the pair trades above 1.5330, but if the pair is below this level, we recommend selling, with objectives to the last support, 1.5078. We consider that this pair has to fall because it is already a little overbought. It is likely to continue the consolidation from 1.5410 resistance and support of 1.5217. In the medium term we expect this pair will perform a bearish sequence due to the Momentum Indicator is showing a downward sign.
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