The Pound managed to close above the critical level at 211.80 yesterday, this level provided the pair with huge momentum to start an upside wave, the pair also managed to breach the 212.40s level which provided it with more strength to continue its upside wave, the short term technical indicators are showing the pair resides in an overbought area but didn't show any signs of a reversal yet, the target is set at the 214.00s level now and the point at 212.47 seems to offer good demand for the pair.