The pound sterling is very strong and seems not to affect the circumstances amid the announcements on the Bank of England's monetary policy due to the next Thursday.
At the technical level we can observe a slight downward trend. Staying on top of the psychological level of 1.60. Presently the pair is trading below the 1.6170 resistance level and is heading towards the first support 1.6090. The Range and Momentum indicators are showing a deeper fall towards 1.6000.
Therefore, we recommend selling at current levels of 1.6130 or, if there is a pullback to the area of resistance, sell with targets seen at the weekly support level of 1.6020.
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