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FXstreet.com (Barcelona) - The Sterling has found support at 1.4350 against the Greenback after falling around 180 pips throughout the European session from 1.4530. Cable has set back some losses and it is trading at 55 hours moving average at 1.4395, reaching 0.50% daily losses from opening price action.

"Cable has come sharply from the high of 1.4528, there by retaining the range 1.4220-4520," says the Kshitij Consultancy Services. "A breakout on either side of this range would determine the further direction of move. We might expect a downmove towards the lower of the range, 1.4220 in the coming sessions. Overall the pair is continuing to remain ranged with a bearish bias." Kshitij concludes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.








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