The Pound has been under pressure yesterday breaking below friday’s low and testing 1,60. A break below this support would expose 1,59 which is an appealing target.
The pair might also consolidate before breaking to the upside above its daily descending trendline. In this event, 1,62 will be a key level to watch. A confirmed breakout might signify a bullish resumption with a next target at 1,65.
Provided by atf-forex-trading.com