The sterling continued yesterday with the rebound started since the high wave candle left on Tuesday, even though it wasn't able to close under the support at 1.615, which could take the price down, trying to clear 1.5813. On the other hand, the pair is finding a strong resistance at the 200 days MA, but clearing it could take the price up, trying to beat 1.67. From the one hour chart, we see how the price found today a support at 1.6194, sending the pair to try to go up to 1.6251. Consolidating this area could take the price to 1.6292, clearing the 200 days MA. Yesterday's high would be found here and clearing it would take the price to the resistance at 1.6326. Below, not consolidating that area or not clearing the MA could prompt a price decline to lose 1.6225, which would take it to the first intraday support at 1.6194, seeking yesterday's at 1.6126.

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