GBP trend

UK Pound exchange rate is still on the upward channel.  However, it has a downward adjustment matching toward the lower bound now.  It has a high probability to go below 1.68 in the short term., like 1.673 level.

Since UK economy is strong, and it is one of the strongest in Europe now. So, it will have difficulty for Sterling to turn to sour seriously.  Therefore, if it touched the lower band of the channel ( dotted red line in the diagram) we will expect a rebound if the global market environment don't shift away.