Looking ahead, 2.00 will represent a considerable resistance test for the pound rally

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

  • [B]Resistance:[/B] 1.9950
  • [B]Support:[/B] 1.9700
  • Pair formed a three advancing soldiers pattern trending 1.7 percent higher on bullish candle formation.

Daily Chart: [B]GBP/USD[/B]
[B]
[/B]
[B]-[/B][I]Source: Bloomberg[/I]
[I]See Daily Technicals for more details:
http://www.dailyfx.com/story/dailyfx_reports/daily_technicals/Euro_Weak_Across_the_Board_1182426441106.html[/I]