GBPUSD Weekly Analysis - November 8, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 November 2015 08:47 UTC
GBPUSD's downward movement from 1.5929 extended to as low as 1.5027. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend will continue.

gbpusd chart

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