In Monday trading today, EURUSD is already north of 1.11 on this sharp bullish move after the reversal at oversold levels around 1.08 two weeks ago. However, the pair is now about to reach a crucial resistance area, namely the 18-month resistance trendline of the bearish channel – standing around 1.1150 currently. Swing trading Forex strategy using the profile, Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP (March 2 - 6, 2020) - Duration: 14:37. Justin Bennett 10,145 views. GBP USD (British Pound / US Dollar) GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges.