Long term CABLE short from current levels?

Check out this monthly chart of the cable.
As you all know it has hit the 2.00 ceiling again after 15 years. (Hit before in 1991 and 1992)

Is there any long term economic data that suggests this uprwads trend will continue and break the 15 year $2 barrier?

How does this strategy sound to you?

-> Short current levels, with a 200 pip stop loss (risking very little)
Now lets say it fails to hold and falls to 1.98, you add more to your short position. And continue to do so as it falls.

Any thoughts?

UK inflation is over 3% the target level set is 2%

We have 1 guaranteed rate rise and i would say 1 more possible, so i'm expecting a break of the high at some point

I dont see any strength in the usd, but lets see what the data comes out as, its going to takes some strong figures to stop the gpb.

It is true that the GBP's strength gaining is waining... However, one has to remember that the USD is in a far worse situation - have you checked out the US M3 lately? The fed is making a lot of new $$ to pay its debt, at a rate of more than 12% I believe.

Sounds like a flat market to me.