The sterling's weakness is continuing, as the pair declined 155 pips today after Gordon Brown's comments about the British economy. The pair is trading at 1.5790 and getting closer to the key support at 1.5657. If broken, the pair could go to levels near 1.5000.The one hour daily chart show that the Bands of Bollinger have a 120 pips volatility, while the RSI is in a neutral zone. If there's a great rebound, the next resistance is at 1.5836.
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