If we had to pick one currency to stand up to the volatility in the Dollar just ahead, it would be the March Pound as it is holding up relatively well after a somewhat positive reception to UK jobs data and the Bank of England meeting minutes this morning. With some decent economic standing and a rise in open interest on the recent rally, the Pound would also appear to be getting some positive technical signals as well. Uptrend channel support in the March Pound is seen today at 1.5612, and that support rises to 1.5630 by this coming Friday.
