Forex Trading: Gbp/Usd Threatening To Break Feb. 26 High
On the strength of better than expected jobless claims change the GBP/USD has escalted to a high of 1.5335, exceeding Feb. 26 high of 1.5322.
In the short term iI would expect a slight correction , possibly down to 1.5300 with the pair still in a bullish mode. If the pair can break clean above 1.5322 (close above) from a daily perspective, this would be further confirmation of a bullish outlook for sterling. The next stop for the pair should be 1.5500.
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