British Pound Punches Above 1.9900

GBPUSD has shown the most strength today overcoming resistance at the 1.9900 figure with the critical 2.0000 level now in its sights.

Pound strength has been parabolic as it has nearly verticalized from 1.9750 over the past 48 hours. The pair now sees support at three descending levels of 1.9764, 19733 and 1.9677 and only a break of the later completely negates the bullish view Strategy: Bullish now, against 1.9676, targeting 2.0131