FXstreet.com (Barcelona) - The Pound rallies at a strong pace on Monday and from Asian session low at 1.6615, the Sterling has soared past 1.6800 to hit a fresh 3-month high at 1.6845 on European morning.

Pound's rally is supported by technical indicators, which, according to Anthony Boyajian, technical analyst at Finotec Group Inc point out to further appreciation: Technically the market change its trend as we can see strong demand in the market, based on technical indicators like RSI, which is in a bullish direction, MACD crosses the signal line and is pointing upwards and Bollinger gives us a buying signal by closing the candle above the middle band.

Resistance levels, according to Boyajian, lie at 1.6835 and 1.7045. Support levels lie at 1.6695 and 1.6617.