FXstreet.com (Barcelona) - The Pound has dropped to levels around 1.9361 in early U.S. session, according to the ActionForex.com Technical Team sets the bias to the intraday bias remains in the downside: Break of 1.9386 confirms that fall from 1.9957 has resumed. At this point, intraday bias remains on the downside as long as 1.9444 minor resistance holds. The ActionForex Team expects further decline: Further decline is expected to 1.9337 low first. As discussed before, whole down trend from 2.1161 could have already resumed and break of 1.9337 will encourage further decline to next downside target of 1.9183 medium term support.
Join the Discussion