No change in view. Pound one again missed our sell level by just one pip before declining towards our target 1.7760. However for now we would still expect the same resistance to hold up side attempts. So prefer selling at 1.7830 for a deeper decline towards 1.7720.
Sell @ 1.7830 for 1.7750 min, with stop above 1.7860.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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