Technical Analysis and Outlook
The Sterling now is having upside momentum on the daily chart as the GBP/USD pair remains slightly below the completed Outer Currency Rally line. Initial resistance awaits at later part of July's generated Mean Res $1.2482. It is followed by Key Res $1.2568.
On the downside, initial support which capped the pair on September 5 is Mean Sup $1.2167. Further down, we have Key Sup, completed Outer Currency Dip and Maginot Line, which held the currency down in mid-August. To continue the rest of the story.
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