The Pound has managed to respect its up-trend channel support line and recover overnight. With aslight corrective setback at the end of last week that should balance the short term overbought technical conditionof the Pound and with a slightly improved overall macro-economic vibe in place early today (new all-time highs inUS stocks?) we expect the uptrend in the Pound to continue. Move support up to 1.6861 and push up resistanceto 1.70.
