FXstreet.com (Barcelona) - The Sterling's upside momentum is losing strength, although the Pound remains firm, according to the ActionForex.com Technical Team: Cable remains firm even though upside momentum continues to diminish. Further rally is still expected as long as 1.9730 support holds. As discussed before, sustained break of mentioned falling channel resistance will indicate that whole fall from 2.1161 has completed at 1.9337 on bullish convergence condition in 4 hours MACD and RSI. On the way down, the ActionForex Team advances: Below 1.9730 will indicate an intraday top is in place and bring pull back. Though, further rally is still expected as long as pull back is contained above 1.9464 support.
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