Yesterday after making a maximum at 1.5750 the British pound weakened amid the Fed's announcement. It just started a downward sequence as we mentioned yesterday when the Momentum Indicator had broken the moving average of the MACD, which was the time to sell. However, we expect a rebound in the pair, the second weekly support is at 1.5402, but a break of 1.54 could be extended lowering the British currency to the level of 1.5309. We believe that before continuing the fall, the pound should go up a little at least to the level of 1.5554 in this area you can sell short-term goals to the level of 1.53.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com
