GBPUSD Weekly Analysis - February 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 February 2014 07:49 UTC
GBPUSD broke above 1.6668 resistance, and reached as high as 1.6755, indicating the the uptrend from 1.4813 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.7000 area. Support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

gbpusd chart

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