GBPUSD Weekly Analysis - November 1, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 November 2015 07:51 UTC
GBPUSD remains in downtrend from 1.5929. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the top of the price channel on daily chart, only a clear break above the channel resistance could signal completion of the downtrend.

gbpusd chart

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