British Pound Likely to Trade to Fresh Peaks
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Trade Implications – GBPUSD: A break to fresh five-year highs leaves short-term GBP targets at $1.6985 and the post-financial crisis peak of $1.7042. And though price momentum is clearly slow, one-sided retail sentiment keeps focus to the topside.
See next currency section:USDJPY - US Dollar Forecast to Decline versus Japanese Yen
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.