FXstreet.com (Barcelona) - The Sterling is showing strength at high levels, Valeria Bednarik, Analyst

at Mol-FX does not observe signs of exhaustion: Moving in an ascendant channel, with no signs of exhaustion coming from indicators: above 2.0010, roof of the mentioned channel, the pair will find it's next resistance around 2.0033 and finally 2.0085, congestion zone.

On the downside, Bednarik foresees: A correction will find supports at 1.9946 and the strong zone around 1.9890. A confirmation under this point could send the pair to the tough support around 1.9830.