Yesterday: Open 1.6201 High 1.6305 Low 1.6176 Close 1.6250

Since trading began yesterday's Asian session, Sterling currency movements tend to be sideways. But ahead of the European session begins, there is turmoil bullish daily until you reach the highest level at 1.6305 then move Sterling sharp correction to 115 pips to test the trend line diagonal.

Currently, Sterling looks likely to move sideways.

The focus of economic data today for Sterling are:
1. GBP Claimant Count Change on at 15:30 pm
2. GBP MPC Meeting Minutes on at 15:30 pm
3. GBP Average Earnings Index 3m / y at at 15:30 pm
4. GBP Unemployment Rate at 15:30 pm

When prices rise continuously after passing through a diagonal trend line then opened up opportunities to a level of 1.6312.

We recommend that if the decline continues then opened up opportunities leading to the level of 1.6163 and 1.6100.

Prices shown on the graph H1 and M10 MA05 line tangent conditions.

While the Stochastic Indicator is indicating a bearish opportunity.