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GBPUSD Weekly Analysis - October 11, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 11 October 2015 08:00 UTC
GBPUSD is in downtrend from 1.5929, the rise from 1.5107 is likely consolidation of the downtrend. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and 1.5660, only break above these levels could trigger another rise towards 1.6500.

gbpusd chart

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