The price took a rest yesterday from 1.616 dollars per pound. The pair is now correcting the last thrust and, for that, we marked a fibo from 1.657 to 1.6135 dollars per pound. The price is forming a resistance at the fibo 50% and, in case of a short thrust, today's target is breaking 1.6111. The fibo 61.8% at 1.6404 is also a resistance. On the other hand, the sterling should make higher lows to its target, which is breaking the short directrix.
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