GBPUSD Weekly Analysis - October 18, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 18 October 2015 07:55 UTC
GBPUSD remains in downtrend from 1.5929, the rise from 1.5107 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.4700 area. Resistance is at 1.5660, only break above this level could trigger another rise towards 1.6500.

gbpusd chart

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