Pound-Dollar Ranges

The Pound-Dollar has found itself ranging in recent weeks between key levels of 1.37000 and 1.42000. A major pivot point that can be found between the range is the key level at 1.40000. With the 200 day moving average creeping up, there may be a chance for further upward momentum; however, in order to continue its uptrend, prices will need to break above 1.40000 and further up to 1.42000. Trades below this level will see prices gradually return to the 1.37000 level.