During the last trading session we saw the pound breakout of the consolidating range it was in and rally 350 pips. Price has now retraced due to profit taking, hitting a minor resistance and is now retesting the broken structure. Price is also lining up with fib levels all pointing towards another rally higher for the sterling next week. If we see buying pressure early on next week from current levels we have targets around 137.000 near the weekly resistance.