FXstreet.com (Barcelona) - The Sterling has been moving within a narrow range against the Dollar, for the last week, a trend that, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, could be about to change: Allow for a downside test this morning, possibly something fairly dramatic after the incredibly tight range of the last few weeks. In other words a good 'clear out'. In regards tro strategy, Elliott advices: Attempt longs at 1.9685; stop well below 1.9600. Short term target 1.9900.
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