Home GBP/USD at highest since 2008

It finally happened! After taking 1.70 earlier in the weak and retreating, the latest USD weakness (following the Fed decision)triggered a gradual move and the British pound is now at the highest level since October 2008, right after the Lehman Brothers collapse.

It just broke the post crisis high of 1.7042 which was reached in August 2009. The next levels are not that close.

1.7140 could be the next stop – the full range between 1.6940 and 1.7040. After that, the round number of 1.72 could slow the pair. Last but not least, 1.7330 had some significant in the distant past.

For more, see the GBPUSD forecast.

GBPUSD Highest since 2008 technical chart June 2014

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.