GBPUSD Weekly Analysis - July 5, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 July 2015 08:05 UTC
GBPUSD is facing 1.5550 support, a breakdown below this level will indicate that lengthier consolidation for the uptrend from 1.4565 is underway, then deeper decline to 1.5300 area could be seen. On the upside, as long as 1.5550 support holds, the uptrend from 1.5170 could be expected to continue, and next target would be at 1.6500 zone.

gbpusd chart

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