GBP/USD grinding higher in early US session - FXStreet

FXStreet Chief Analyst Valeria Bednarik observes that the GBP/USD continued climbing at the beginning of the US session on Monday, above the roof of the short term symmetrical triangle that contained price over the last few days.

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"Nevertheless, the pair is capped below this year high of 1.7060 immediate resistance, with the hourly chart showing a strong upward momentum coming from technical readings both in 1 and 4 hours charts."

"Further upward momentum should see price approaching the 1.7100 figure, opening doors for a test of 1.7250 strong midterm resistance zone."