GBPUSD Weekly Analysis - August 3, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 August 2014 06:20 UTC
GBPUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would be at 1.6500 area. Resistance levels are at 1.7040 and 1.7190, only break above these levels could trigger another rise to 1.7500 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.