GBPUSD Weekly Analysis - November 22, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 November 2015 09:00 UTC
GBPUSD remains in downtrend from 1.5929, the rise from 1.5027 is likely consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.4700 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

gbpusd chart

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