GBPUSD Weekly Analysis – February 22, 2015

GBPUSD’s rise from 1.4950 extended to as high as 1.5479. Further rise could be expected, 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