FXstreet.com (Barcelona) - The Pound has dropped sharply from the 2.000 level, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, advances a consolidation session today: Today it should try and steady itself between 1.9700 and 1.9650. Note that these big intra-day moves are symptomatic of a market looking for direction. Strategywise, Elliott advices: Attempt longs at 2.0000, adding to 1.9900; stop below 1.9800. Add to longs on a sustained break above 2.0050 for 2.0500.
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