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GBPUSD Weekly Analysis - June 7, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 07 June 2014 13:07 UTC
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.6996 is likely consolidation of the uptrend. Key support is at 1.6465, as long as this level holds, the uptrend could be expected to resume, and one more rise to 1.7300 area is still possible. Only a breakdown below 1.6465 support could signal completion of the uptrend.

gbpusd chart

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