The sterling declined against dollar on Friday as the pair’s initial rally lost steam as the threat of a possible British exit from EU once again weighed on the pair. Currently the pair is trading around 1.4326 levels , …
The sterling declined against dollar on Friday as the pair’s initial rally lost steam as the threat of a possible British exit from EU once again weighed on the pair.
Currently the pair is trading around 1.4326 levels , it is set to decline further towards 1.4250 and later 1.4200 levels in the short term.
To the upside, the strong resistance can be seen at 1.4438, a break above this level would expose the cable to next resistance level at 1.4531 levels.
To the downside strong support can be seen at 1.4302, a break below at this level will open the door towards next level at 1.4268.
