GBPUSD Weekly Analysis – March 1, 2015

GBPUSD continued its upward movement from 1.4950, and the rise extended to as high as 1.5551. Further rise is still possible, and next target would be at 1.5700 area. Near term support is now at 1.5300, only break below this level could bring price back to test 1.4950 support.

gbpusd chart