GBPUSD Weekly Analysis - June 28, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 28 June 2014 13:55 UTC
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low). Further rise could be expected in a couple of weeks, and next target would be at 1.7300 area. Near term support is located at the rising trend line on daily chart, as long as the trend line support holds, the uptrend will continue. Key support is at 1.6692, only break below this level could signal completion of the uptrend.

gbpusd chart

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