The soft US data has sent the dollar lower across the board with GBPUSD now trading above the yearly highs the next technical level on the upside comes in at 1.6871 last seen in November 2009.
GBPUSD 5 minute chart
Expect a break to test the psychological level of 1.69 and then a push for the all important 1.70. With the Scottish independence vote and the elections on the horizon expect some selling interest towards these levels.
