GBPUSD Weekly Analysis - August 16, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 August 2015 07:26 UTC
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 sideways movement could be treated as consolidation of the uptrend from 1.4565, further rise to 1.6500 area could be expected after consolidation. Only break below 1.5170 support could signal completion of the uptrend.

gbpusd chart

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