GBPUSD Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:28 UTC
GBPUSD's downward movement from 1.5929 extended to as low as 1.4732. Further decline to test 1.4565 previous low support is possible next weeks. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

gbpusd chart

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