The British Pound managed to bounce higher, breaking its sequence of a downward line, this makes sense because the Swiss National Bank, has publicly stated that is diversifying to the British Pound today.
On a technical level the pair has to look to 1.5570 pullback therefore we recommend buying with objectives to 1.5770. On the other hand if you do not want to risk under a possible downward pressure we recommend buying above 1.5640 (above the 200 day moving average).
The stop loss is placed under 1.5520. MACD indicator is showing mixed signals.
Performed by Gerardo Porras, Analytical expert
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