The pound Yesterday moved towards the downside since it couldn't breach the major resistance level at 1.9840s; meanwhile the bearish momentum forced the Pound to drop down to extend the way to the major support level at 1.9730s in the short-term trend.
The trading range for today will be between the key resistance at 1.9880s and the key support at 1.9700.
The general trend is up as far as 1.9450 and 1.9270 remains intact, targets will be at 2.0200 and 2.0400.
selling sterling below 1.9810 with a target at 1.9735, stop loss above 1.9860.
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