FXstreet.com (Buenos Aires) - Dollar continues under strong pressure across the board, with Pound soaring to a fresh daily high above 1.5500, having reached so far 1.5511 by the time of writing. The pair has broke a short term descendant trend line early Asia, coming from 1.5623, past December 17th highs, and after completing a pullback over recent hours, the cross regained the upside reaching a fresh 5 days high.
According to Valeria Bednarik, Fxstreet.com chief analyst, the 4 hours indicators show increasing bullish momentum, suggesting “ an acceleration above recent highs, should favor a continuation rally towards the 1.5520 price zone, where 200 EMA will offer some resistance ahead of stronger 1.5560 price zone”.
