Pound / Dollar Breaks line resistance at 1.7020 area. According to analysts Barclays Capital, a British currency has a real chance to get to 1.7350. This level represents a 50% correction of the fall of the pound in November 2007 to January 2009, therefore, more likely, even if he is able to reach those heights, further strengthening the case will be very difficult. At the present time, with a maximum of 1.7042, the pound / dollar began to roll back and approached the level of support at 1.7000/1.6990. Traders attribute this to the fact that the ADP for the labor market had a dollar support. Stop below 1.6990.
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