GBPUSD Weekly Analysis - June 28, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 June 2015 07:18 UTC
GBPUSD is in uptrend from 1.5170, the fall from 1.5929 is likely consolidation of the uptrend. Support is at 1.5550, 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 1.5550 support will indicate that lengthier consolidation for the longer term uptrend from 1.4565 is needed, then deeper decline to 1.5300 area could be seen.

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.