Sponsors

GBPUSD Weekly Analysis - September 20, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 20 September 2014 13:50 UTC
GBPUSD broke above the downward trend line on daily chart, indicating that the downtrend from 1.7190 had completed at 1.6051 already. Range trading between 1.6051 and 1.6700 would likely be seen over the next several weeks. Resistance is at 1.3700, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.5000 is still possible.

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.

Sponsors

Subscribe to Newsletter

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