GBPUSD Analysis – September 28, 2013

GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813. Key support is located at the trend line, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6500 area. On the downside, a clear break below the trend line support will indicate that the uptrend from 1.4813 had completed at 1.6162 already, then the following downward movement could bring price back to 1.4500 zone.

gbpusd daily chart