GBPUSD Weekly Analysis - August 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 August 2014 07:01 UTC
GBPUSD is facing 1.6692 support, a breakdown below this level will confirm that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already, then next target would be at 1.6300 area. Resistance is at 1.7040, only break above this level will indicate that the downtrend from 1.7190 is complete, then another rise towards 1.7500 could be seen.

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.