The pound sterling exceeded the 1.51 area in the last few hours, but it found resistance at 1.5135. H4 Fractal level is currently trading at 1.5112. The decline is likely to continue until the daily fractal level 1.5080. So we recommend buying at this level with targets at 1.5333 for a profit taking in the medium term. On the other hand, a weekly close below 1.5080 will be a sign to leave our bullish. However, in the chart we may see that the Momentum Indicator is showing an upward bias that is pointing to the moving average of MACD, which adds strength to our bullish strategy.
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