Pound is holding firmly near the over night low with no directional move. However for now, we would still stay bearish expecting a decline below 1.7300. So prefer going short on raise near 1.7390 for the currency to drift down towards 1.7280.
Sell @ 1.7390 for 1.7280, with stop above 1.7420.
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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