Pound is slowly recovering from the losses of last week, and is currently trading just below 1.7300. For now if the currency manages to break above 1.7340 then we might see a rally back towards 1.7450, but is this level provides resistance then we should see one more decline below 1.7150. However we would prefer selling on raise near 1.7330.
Sell @ 1.7330 for 1.7225, with stop above 1.7360.
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