FXstreet.com (Barcelona) - Reversal from 1.6720 earlier during European session has found support at 1.6645, and the Pound has picked up strength ahead of the U.S session opening to edge up above 1.6700, with 1.6740/50 resistance area on sight.

If resistance area at 1.6740/50 is breached, the Pound could advance up to 1.6850 over the next couple of sessions, says the Kshitij Consultancy Service Team: Short term important Resistance at 1.6740-50. If this barrier is breached, we may see the pair rise once again towards 1.6850 over the next couple of sessions.

In case of reaching the mentioned 1.6850, the Kshitij Consultancy Service Team, advances the posibility of a reveral towards 1.6660: There might however be some pullback towards 1.6660 on the first testing of this Resistance, but the uptrend is alive and would lead to additional confirmation of a rise past 1.6750.