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Pound sample resistance at 1.5989 (50% Fibonacci correction decreased from 1.6744 to 1.5230) and downward will encounter support at 1.5420 and 1.5270 (low of October). In the opposite direction next resistance can be expected at 1.6167 (peak in late November). In the longer term – resistance level is 1.6600 (peak in August).
