TECHNICAL ANALYSIS BY NSFX 06.05.2014
Cable saw the breakout above February’s high which had been tested throughout April. Reaching the high from November 2009 at the close. 1.7045, the high set in August 2009 could be the next significant resistance level should the GBP continue higher against the USD and past this 1.7230 could be eyed. Yesterday’s price action is seeing Feb’s high tested as support.