Attention to a possible visit of the GBP/USD to the 170.00 level.

The Pound remains strong today due to the comments by the Bank of England with respect to a possible rate hike sooner than anticipated. This has caused the GBP/USD to spike up and get close to the 1.7000 level. A visit to that resistance level could give us a bounce to the downside, due to the fact that about 40 pips higher we have a historic high from May, 2009. Therefore, this zone could be a very good resistance area for the pair. Let’s see if we get a visit for next week.