GBPUSD Weekly Analysis - June 14, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 14 June 2014 13:33 UTC
GBPUSD is facing 1.6996 resistance, a break above this level will signal resumption of the uptrend from 1.4813 (Jul 9, 2013 low), then next target would be at 1.7300 area. Key support is now at 1.6692, only break below this level will indicate that the uptrend has completed, then the following downward movement could bring price back to 1.5500 area.

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.


Subscribe to Newsletter

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