The pound bounced off the level 150.00 and reversed a portion of its losses on Friday. Buyers moved the sterling through 151.00 and the EMA200 towards the 152.00 region where the EMA100 lied. The resistance lies at 152.00, the support is at 151.00.

A break above 151.00 indicated an extension of bullish momentum. The currency pair may recover to the 152.00 now.

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