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For now the overall outlook towards the Sterling is positive, since the boundaries of the channel up are intact. But the technical studies are becoming less bullish than they were weeks ago, and it is already the second time (the first time was in May) the price fails to reach the upper trend-line of the pattern, meaning the support at 1.6974 might be in danger. But if this level manages to hold off the bears, we will be expecting the Cable to try and test one of the key resistances at 1.74.
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