The pound has been battered around somewhat over the last few weeks.
I feel that a temporary low is in place toward 1.4970/90.
We saw the fresh outburst through this level back in mid-March (brown circle).
Having tarred strong support at 1.5100, this new break underneath leads me to envisage a test of the most recent 1.4990 low, before a sharp leap higher en-route to the 20-day EMA – 1.5222.
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I remain neutral until 1.4990 is touched or at least a rally back through 1.5100 can be hatched!