GBPUSD Weekly Analysis - August 2, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 02 August 2015 08:59 UTC
GBPUSD remains in uptrend from 1.4565, the price action from 1.5814 is likely consolidation of the uptrend. Support is at 1.5170, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.6500 area. Only break below 1.5170 support could signal completion of the uptrend.

gbpusd chart

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