GBPUSD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:53 UTC
GBPUSD remains in uptrend from 1.4565, the fall from 1.5814 is likely consolidation of the uptrend. Support is at 1.5080, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.6500 area. On the downside, a breakdown below 1.5080 support will indicate that the uptrend had completed at 1.5814 already, then the following downward movement could bring price to 1.4000 zone.

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.