The British Pound managed to hold its trades above the support level of 1.3725 where more advancing towards 1.3945 with a short of 35 pips from the target of 1.3980-90 as we advised last week.
Intraday-Levels still indicate 1.3805-30 as the support zone which may push for another uptrend wave towards the 1.3980-90 zone.
Below 1.3805 and we will expect a farther drop correction to re-test the 1.3725-30 support level. This may, in turn, push back the uptrend wave towards the 1.3980-90 zone.
