FXstreet.com (Barcelona) - Pound rally from 1.6130 low has reached intra-day high at 1.6450 before easing to current levels around 1.6425 at the moment of writing.

According to the Kshitij Consultancy Service Team, the pair lies right at 1.6430-60 resistance area, and if it manages to break above here it could reach 1.6700: If the current upside momentum continues we might expect a break above this Resistance region (1.6430-60) in coming sessions and see a rise towards 1.67 over the next few days.

On the downside, below 1.6460, the pound could drop back to 1.61, says the Kshitij Consultancy Service Team: if this Resistance holds, there are good chances of seeing a dip once again towards 1.61.

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