Expected Strength for the Pound Against Most Currencies Soon

The Pound Index is moving in a general upward trend on the daily timeframe.

The Pound Index has managed to break through previous resistance levels.

With the formation of new, strong demand zones on the hourly timeframe,

a strong indication of buyer dominance.

The outlook still points to continued upward movement after the current correction.

Expected Targets

If the index corrects to the newly formed demand zones,

which are located at the 2.7845 level,

we expect to see it rise again to the targets identified on the chart,

which are located at the 2.7900 and 2.7980 levels, respectively.

This analysis will be invalidated if the demand zones are broken 

and the price closes below them with a full candlestick.