FXstreet.com (Barcelona) - The Pound has fallen to 1.9737 against the Dollar today. On the downside, The AccionForex.com Technical Team advances: Break of 1.9550 minor support indicates that rebound from 1.9483 has completed at 1.9737. Further decline should now be seen towards 1.9386 low. Break will confirm that fall from 1.9957 has resumed, so is the whole down trend from 2.1161. In such case, next downside target will be 1.9183 medium term support.
Looking up, the ActionForex Team adverts: On the other hand, above 1.9641 will turn intraday outlook neutral again. Further break of 1.9737 will indicate that consolidation pattern that started at 1.9337 is still in progress for resistance zone of 38.2% retracement of 2.1161 to 1.9337 at 2.0034 and 100% projection of 1.9337 to 1.9957 from 1.9386 at 2.0006 before completion.