GBPUSD Weekly Analysis – June 21, 2015

GBPUSD broke above 1.5814 resistance, indicating that the uptrend from 1.4565 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.6500 area. Near term support is at 1.5550, as long as this level holds the uptrend will continue.

gbpusd chart