The Pound has been very well bid over the past several months against the buck, with Cable trading to major psychological barriers at 1.7000. However, if we look at the monthly chart going back to 2009, the story is much different and suggests this major pair could soon find a top around 1.7000, by this major multi-month range resistance.
Pound Trades Closer to 1.7000 High From 200901 May 2014 06:14 BST · Time Estimate: 0 seconds · JKonFX
Forex Daily Analysis 1st May 2014
About Joel Kruger
I am a seasoned currency strategist and professional trader. I have worked for investment banks, fixed income research advisories and a leading foreign exchange brokerage. In 2012, I set up JKonFX.com to offer my daily insights and trading strategies.