The pound is still trying to overcome the first weekly resistance at 1.5930 level, if it breaks it through, the next target will be at 1.5970. Although this pair has a strong uptrend dynamics, the indicators show a depleted bullish optimism because of the fundamental data to be disclosed today and tomorrow which will define the direction of this pair.
At the technical level, we note that a bearish correction is possible, so we recommend selling below the level of 1.5939 or, if this level is overcome, at 1.5970. Our goal will be located at the 1.5830 strong support level.
