GBP/USD, the Pound is marching upward!
After two great weeks for the British Pound, begining of the third week is beautiful as well. After UK GDP data weaker then expected, the pair tested previous strong resistance, now support at 1.5170 and the bulls have defend that teritory successfuly, boosting Pound after all the way to the next resistance at 1.5300/30. Let’s see how serious are sellers here and who can and where they can stop the Pound now? This level could be huge test, after wich 1.5500 is the next target for the bulls. Great development in the market, I wrote about this pair for a few times in the last two weeks.