Wed, 09 Jul 2014 06:18:38 GMT
GBP/USD 1H Chart: Channel Up
Since the beginning of the year, the British Pound has been unremittingly gaining value versus the greenback. This helped the pair to attain 1.7180, the highest level since at least 2009 that lies on the upper trend-line of the bullish tunnel, inside which GBP/USD is vacillating now.
Despite being able to consolidate above the 50-hour SMA at 1.7131 about an hour