The 31 & 50 have crossed on the 4hr timeframe showing a further movement and and the 0.5 fib around the 1.3130 area could be a significant support for any downward attempt.
My personal view is that the pair will claim higher highs around the 800 if it breaks above the 1.32 and 1.33 psychological lines
if it fails to do so door could open for the 200 around 1.3040
News for next week:
** BOE Gov Carney Speaks
The pair hits 3 month highs as US dollar tumbles, if the downward trend of US dollar continues that will push the pair for more highs
- Bad news on Monday may push the pound to a downward trend