 | |  | | KeymanFX-启明外汇:每日技术观点随机节选
GBP/USD
Short Term Direction: Down half of Friday, up for a day, then down again
Medium Term Direction: Down to the middle of next week
Target: 1.9570
Sterling avoided any aggressive weakness on Thursday as it remains within the range of the past two weeks
The cycles call for this weakness to last into the middle of next week before it bottoms
The shorter cycles call for weakness into early European trading on Friday, but the support at 1.9570 will probably hold at this time
The pound should then recover for a day before making a final decline into the middle of next week
Our further objective for this decline is 1.9400 and following this low the pound should rally for several weeks
The resistance at 1.9695 can be tested early next week, but this level should hold at this time
Only a break of 1.9750 means that the uptrend has resumed
Strategy: Maintain reduced long pound positions
NY Close Support1 Support2 Resistance1 Resistance2
1.9611 1.9570 1.9500 1.9660 1.9695 |  |  |  |  |
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