Pound Trades Closer to 1.7000 High From 2009

01 May 2014 06:14 BST · Time Estimate: 0 seconds ·

Forex Daily Analysis 1st May 2014

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.

$GBPUSD - Cable trending to major psychological barrier at 1.7000 via @jkonfx

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