The British pound is losing upward force because it was trading near its annual maximum this entire month, if your strategy is to buy, we recommend buying weekly support, but our strategy is bearish, so let's find the highest points quote for selling. Given that it is the end of the month, many are taking profits, this increases the chances of pair selling. Also the indicators are showing overbought positions, bearish reversal is imminent.
We, therefore, recommend selling below 1.6160, with objectives to 1.6014.
If you need a personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
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