Sponsors

GBPUSD Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:18 UTC
GBPUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the uptrend from 1.4813 (Jul 9, 2013 low) could be expected to resume, and further rise to 1.7200 area is still possible. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to 1.5000 zone.

gbpusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.