GBPUSD Weekly Analysis – July 26, 2015

GBPUSD continued its sideways movement in a range between 1.5170 and 1.5929. Key support is at 1.5170, as long as this level holds, the the price action in the range could be treated as consolidation of the uptrend from 1.4565, and further rise to 1.6500 area is still possible. Only break below 1.5170 support could signal completion of the uptrend.

gbpusd chart