It finally happened! After taking 1.70 earlier in the weak and retreating, the latest USD weakness (following the Fed decision)triggered a gradual move and the British pound is now at the highest level since October 2008, right after the Lehman Brothers collapse.
It just broke the post crisis high of 1.7042 which was reached in August 2009. The next levels are not that close.
1.7140 could be the next stop – the full range between 1.6940 and 1.7040. After that, the round number of 1.72 could slow the pair. Last but not least, 1.7330 had some significant in the distant past.
For more, see the GBPUSD forecast.
