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14 Feb 2014
GBP/USD hits 33-month highs
FXStreet (Córdoba) - The GBP/USD broke above 1.6700 and reached a fresh 3-year high during the European session, extending and impressive rally this week.
GBP/USD breaks above 1.6700
The GBP/USD extended gains to a high of 1.6715 before finding resistances and settling in a tight range just below. At time of writing, the GBP/USD is trading at the 1.6705 zone, recording a 0.3% gain on the day and on track to print a nearly 2.0% rise this week.
GBP/USD technical outlook
From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com notes that the GBP/USD uptrend is still intact, heading towards 1.6750 resistance area. "Key support on the downside lies at 1.6620".
GBP/USD breaks above 1.6700
The GBP/USD extended gains to a high of 1.6715 before finding resistances and settling in a tight range just below. At time of writing, the GBP/USD is trading at the 1.6705 zone, recording a 0.3% gain on the day and on track to print a nearly 2.0% rise this week.
GBP/USD technical outlook
From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com notes that the GBP/USD uptrend is still intact, heading towards 1.6750 resistance area. "Key support on the downside lies at 1.6620".