FXstreet.com (Barcelona) - The Pound is trading between key levels. Accosting to Ted Wilson, technical analyst at iForex.com: The Pound/US Dollar is positioned between the key levels 2.0335 and 2.0515, which are 61.6% and 49.8% respectively correction of the climb 1.9880 - 2.1150. The most likely scenarios, according to Wilson are: The bottom key level 2.0335 is the first support for today, followed by 2.0280 and 2.0215 if broken. In upward direction the upper key level is the first resistance for today at 2.0450, followed by 2.0515 and 2.0600.
Join the Discussion