FXstreet.com (Barcelona) - The Pound fell yesterday as a consequence of the BoE's letter, although, according to Cornelius Luca, was able to remain within an inside range: Sterling/dollar fell sharply on Tuesday on the BoE letter, but reduced losses by the close and remained in an inside range. My model remains long. The short-term outlook is mixed. Resistance and support levels, according to Luca, stand as follows: Initial resistance is at 1.9605. Above 1.9687, strong resistance is now seen at 1.9760. Further resistance is perched at 1.9850. Immediate support comes at 1.9500. Further support comes at 1.9410.
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