The British pound has rallied to a new multi-year high against the US dollar after the pair broke past the technically important 1.3660 level. According to the daily price chart, the GBPUSD pair only has limited technical resistance until the 1.3770 level. To the downside, repeated failure back under the 1.3660 area could see GBPUSD sellers taking the pair back down towards the 1.3500 support rejection.
The GBPUSD pair is only bullish while trading above the 1.3600 level, key resistance is found at the 1.3660 and the 1.3770 levels.
If the GBPUSD pair trades below the 1.3600, sellers may test the 1.3550 and 1.3500 support levels.
