FXstreet.com (Barcelona) - Pound recovery from 1.6080 low on Thursday has been halted at 1.6250 during European session, and the pair pulled back, reaching levels below 1.6200.

Being the last day of the Week, the Kshitij Consultancy Service Team does not expect further recovery: Today being the last day of the week, the pair may not do much and may oscillate between the Projected Max High and Low for the day which is at 1.6302 and 1.6058 respectively.

On the downside, below 1.6058, the Kshitij Consultancy Service Team points out to the 200 day MA as next target: On a break below 1.6058, the pair may come down towards the 200-DMA (1.5988).

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