GBPUSD Weekly Analysis – June 14, 2015

GBPUSD failed to break below 1.5080 support, and rebounded from 1.5170. Further rise to test 1.5814 resistance could be expected, a break of this level will indicate that the uptrend from 1.4565 has resumed, then next target would be at 1.6500 area. Support is now at 1.5170, only break below this level could trigger another fall towards 1.4000.

gbpusd chart