The Sterling in a light data day the pound took its direction from the Euro bouncing off its lows after the Non Farm employment report. Looking ahead for May UK PPI Input with a forecast at 2.6%
Tech View:
Pound is expected to be down trend for the day. trading range is expected between 1.9630 -1.9740 levels. the support for the currency is seen at 1.9600 levels and resistance is seen at 1.9770 levels. stochastic signals for the downward movement of the currency for the day. Momentum also supports the same .
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