GBPUSD Analysis – August 18, 2013

GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, and the rise extends to as high as 1.5656. Further rise is still possible, and next target would be at 1.5800 area. Support is at the trend line, only a clear break below the trend line support could signal completion of the uptrend.

gbpusd daily chart