1 May 2014
GBP/USD bulls pressuring towards 1.7000
FXStreet (Edinburgh) - The buying interest around the GBP might prompt bulls to attempt a test to the 1.7000 handle, according to Valeria Bednarik, Currency Analyst at FXStreet.
Key Quotes
“The dominant bullish trend seems to have resumed after the consolidative stage, pointing now for a test of the critical figure around 1.7000”.
“Gains beyond 1.6920 should lead to an advance up to 1.6960 price zone, followed then by mentioned 1.7000 figure. Above this last, 1.7040 August 2009 monthly high comes next”.
Key Quotes
“The dominant bullish trend seems to have resumed after the consolidative stage, pointing now for a test of the critical figure around 1.7000”.
“Gains beyond 1.6920 should lead to an advance up to 1.6960 price zone, followed then by mentioned 1.7000 figure. Above this last, 1.7040 August 2009 monthly high comes next”.