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Forex pairs in this Article » GBP/USD
FXStreet (Córdoba) - The GBP/USD broke above 1.6700 and reached a fresh 33-month high during the European session, extending and impressive rally this week.

GBP/USD breaks above 1.6700

The GBP/USD extended gains to a high of 1.6715, last seen May 2011, before finding resistances and settling in a tight range just below. At time of writing, the GBP/USD is trading at the 1.6705 zone, recording a 0.3% gain on the day and on track to print a nearly 2.0% rise this week.

GBP/USD technical outlook

From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com notes that the GBP/USD uptrend is still intact, heading towards 1.6750 resistance area. "Key support on the downside lies at 1.6620".
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