GBPUSD Weekly Analysis - March 15, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 March 2015 08:09 UTC
GBPUSD broke below 1.4950 support, and the downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4000 area. Resistance is at 1.5300, only break above this level could signal completion of the downtrend.

gbpusd chart

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