Based on the daily chart, the pound is strugglingly to pass Fib 0.5% as it continues to move sideways but a break above this level could see a move higher which based on this 240 chart could be a strong possibility as the downward trendline and neck line has been truly broken.
Roughly measuring the height of the head to the neck this could mean around the 1.55 area.
Roughly measuring the height of the head to the neck this could mean around the 1.55 area.