FXstreet.com (Barcelona) - The Pound bounced back yesterday from a 10 month low. Cornelius Luca, economist at Global Forex Trading expects further appreciation on the Sterling side: Sterling/dollar surged aggressively from a new 10-month low on Tuesday to engineer a bullish reversal formation. Cable should march higher today. According to Luca, resistance and support levels stand as follows: Strong resistance is at 1.9700. The next level is at 1.9790. Distant resistance is now seen at 1.9935. Good support now comes at 1.9517. Below 1.9434, distant support is now pegged at 1.9338.
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