As technical levels become increasingly stretched above the psychologically significa

[U][I]GBP/USD Technical:[/I][/U] [B]GBP/USD[/B]

  • [B]Resistance:[/B] 2.0000
  • [B]Support:[/B] 1.9700
  • Up 1.4 percent this month, analysis of 20-SMA/50-SMA suggests a possible cross adding bullish sentiment to the pair.
  • Technical analysts implementing the simple moving average tool, could project a move higher to test the 10-year high of 2.0130 reached on 4/18/07, before a reversal.

[I]See Daily Technicals for more details:[/I]