The pound jumped towards the upside last Friday after signs were confirmed showing the upside trend; despite that the move was slight but it let the pound get over the major resistance at 1.9790s. Today with enough momentum the pound is expected to move towards the upside to hit the key resistance level at 1.9880s.
The trading range for today will be between the key resistance at 1.9900 and the key support at 1.9760.
The general trend is up as far as 1.9360 and 1.9200 remains intact, targets will be at 2.0100 and 2.0300.
buying sterling above 1.9809 with a target at 1.9865, stop loss below 1.9765.
Bookmarks