The Pound sterling has taken advantage of the dollar weakness. The pair has been struggling at 20Dsma for 9th trading sessions. It's a quiet week ahead for the UK. The cable breaks below the support level. It indicated a further downside journey in the coming session. We recommended selling on every rise and again we are repeating the same this week. The cable rejected at 50hrsma at yesterday's session. Today, the pair again rejected at 20Dsma. We recommend intraday buying above 1.5680 with the targets at 1.5700, 1.5725, and 1.5750. For an intraday view, the hourly support exists at 1.5635, 1.5625, and 1.5600. We recommend selling below 1.5610. Until the pair trades below 1.5764, we can expect 1.5525 levels on the downside.
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