The British Pound managed to overcome the resistance of 1.6050 as we mentioned in yesterday's analysis. The pair is now in front of the downtrend line. The nearest resistance is at 1.6140 below this level the market will continue to pressure the low. A return to 1.6064 will give us the opportunity to buy this pair again, with objectives to 1.6140.
The Trend indicator is showing bullish mood.
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