The pound touched 1.60 as a result of a UK trade balance deficit which was higher than it was expected. The psychological level of 1.60 is the last support imagination, since the pair has technical support at 1.5956.
A daily close below 1.60 will be the starting point of the pair’s decline to levels of 1.58. There is probably a rebound above 1.60, until strong resistance at 1.6128. Therefore, it is recommended selling at 1.6128 with targets until 1.5956 (daily fractal).
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