The recent ascent in the British Pound has lifted futures near 1.6800 in June challenging the highs from mid-February. This has been a steady climb since bottoming in July of 13′ but what I find interesting looking at the weekly chart below it appears the line in the sand is just above that level, as […]
The pound has tried several times to push through 1.97 resistance in recent months, but has been unsuccessful as of yet. The recent break down was somewhat unexpected and has the pound trading near strong support @ 1.92. Look for a bounce off this level to near 1.9475. EUR/USD Unable to break through resistance near […]
