By Peter Stoneham — Apr 15 - 02:00 AM
• Last six-day sterling rally vs the dollar back in August 2024
• GBP/USD eclipses the 1.3207 high from April 3: new 2025 high at 1.3218
• Dailies are close to overbought levels: RSI at 66.00
• Could still test the October 3 2024 1.3285 high before adjusting
• Weekly action opened above the Ichimoku cloud and closed above
• Support at the weekly cloud top, 1.3055: base currently at 1.2762
• Early June cloud twist below 1.2900 could drag on the pound
GBP/USD daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
