FXstreet.com (Barcelona) - The pound fell yesterday to its lowest level in two months, and according to Cornelius Luca, economist at Global Forex Trading, the downside remains in favour on the medium term: The downside remains favored in the medium-term and there is a medium-term bearish flag that targets 1.9650. Resistance and support levels, according to Luca, stand as follows: Immediate support is now seen at 1.9760. This is followed by 1.9850. Initial resistance is at 1.9865. The next one is at 1.9960. Distant resistance now follows at 2.0055.
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