The cable broke above the multi-month top 1.3750, opening doors for further bullish momentum which could take the pair towards 1.40 in the medium-term. However in the near-term, with the recent dollar weakness and US stimulus hopes, the pound will probably keep on the rise towards 1.38 and 1.3850.
Support: 1.3750 / 1.37
Resistance: 1.38/ 1.3850
