The pound steadied after the firing of the UK’s finance minister. A rally above the previous high at 165.50 has prompted sellers to cover their positions. Improved sentiment leans towards a bullish continuation. September’s high at 167.80 is the last hurdle and a breakout would pave the way for an extended rally above 170.00 in the days to come. The RSI’s overbought situation may cause a temporary pullback to test the bulls’ commitment. 164.50 and 162.30 are the two levels to expect accumulation.
