The Sterling ( continued to be weighed down by heavy EUR/GBP buying and there was no one putting up there hand to back the pound going forward. Cable was sold all day testing support at 1.4650 into the US close.
technical view
GBP R1: 1.4790 S1: 1. 4540
R2: 1.4810 S2: 1. 4520
chart pattern shows the currency to be on mixed run for the day. Trading range is expected between 1.4560-1.4770 levels for the day. stochastic is seen flat and momentum is seen trending downwards.
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