FXstreet.com (Barcelona) - Sterling's rejection from Thursday high at 1.6720 was contained at 1.6520 area, and the Pound has rallied on early European session, to halt at 1.6645 high, on a rather calm session ahead of the release of U.S. non-farm payrolls report.
At the moment, the pair remains hovering below 1.6645 session high, and above here next resistance levels lie at 1.6695 (Dec 2 high) and 1.6725 (Nov 25 and 26 high). On the downside, the pound might find resistance at 1.6600 and below here, 1.6550 (Dec 2 low) and 1.6515 (session n low).
According to Stoyan Mihaylov, technical analyst at Deltastock.com current uptrend could reach 1.6720 on its way to 1.6801: The sell-off from 1.6723 bottomed at the projection of the uptrend channel at 1.6519 and we think, that current positive bias will be sustained for 1.6723, en route to 1.6801. Intraday resistance comes at 1.6630, followed by 1.6723 and crucial on the downside is 1.6560.