FXstreet.com (Barcelona) - The Sterling has continued appreciating against the Dollar today, the ActionForex Technical Team considers that the cross is on the upside: Cable's rise from 1.9363 extends further today and accelerate after finally taking out short term falling trend line resistance, reaching as high as 1.9979 so far. At this point, intraday bias remains on the upside as long as 1.9750 minor support holds.
For the next session, the ActionForex Technical team advences some furter climbing: Further rally is expected to 2.0029 resistance. Break will encourage rise to retest 2.0391. On the downside, below 1.9612 will turn intraday outlook neutral first and bring pull back. But downside should be contained by 1.9612 support and bring rally resumption.