GBP/USD Chart 12/19/2012 7:50AM EDT 1.63: GBP/USD has been rallying sharply since breaking a consolidation channel in November. It is now (12/19) cracking its 2012-high near 1.63 . This level was resistance back at the end of April, and respected again in September (was also a key resistance pivot in Oct/Nov 2010). The initial reaction in September was similar to that in April, but as the price tested support factors around the 200-day SMA, the market continued higher to test this resistance
