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Long

GBP/USD In A Strong Up Trend

FX:GBPUSD   British Pound/U.S. Dollar
99 0 1
The GBP, clearly overbought, has suffered of late, but it's still the strongest ccy, and, after a little rest, it should resume, whereas the USD - exactly the opposite. :-)

So, it is possible that this up trend is bound for 1.7000, esp             . given the volatility expansion, prior volatility overshoot, the no-overlap condition of the current rally, new daily, weekly and monthly highs.

Otherwise, the up trend may resume later on, upon the rebound off the black bull trend line . In case it failed too, there's strong support at 1.6250.
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