GBPUSD Weekly Analysis - February 15, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 February 2015 06:44 UTC
GBPUSD broke above the downward trend line on daily chart, indicating that the downtrend from 1.7190 (Jul 15, 2014 high) had completed at 1.4950 already. Further rally would likely be seen over the next several weeks, and the target would be at 1.5700 area. Support levels are at 1.5180 and 1.4950, only break below these levels could trigger another fall towards 1.4000.

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.