GBP/USD reached the 1.40 range, the upward momentum is maintained. Edging higher along resistance at 1.4151 (05/02/2018). Hourly support is given at 1.3742 (16/01/2018 low). The technical structure suggests further short-term upside move.
The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is moving to 2016 highs. Long-term support and resistance are given at 1.1841 (07/10/2017 low) and 1.5018 (24/06/2016 high).
. Hourly support is given at 1.3742 (16/01/2018 low). The technical structure suggests further short-term upside move.){kind=link}