GBPUSD Weekly Analysis - April 27, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 April 2014 07:19 UTC
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low). Near term support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.7200 area. Key support is at 1.6465, only break below this level could signal completion of the uptrend.

gbpusd chart

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