FXstreet.com (Barcelona) - The Pound rallied on Friday against the Dollar, although, according to Cornelius Luca, it remains moving within a weekly range: Sterling/dollar rallied on Friday but remained stuck in an inside range on a weekly basis. My model remains long, but I expect only choppy trading.

In regards to resistance and support levels, Luca adverts: Initial resistance now comes at 1.9800. Above 1.9850, further resistance comes at 1.9890 and 1.9940. Immediate support is now seen at 1.9715. The next level is 1.9650. This is followed by 1.9595.