GBPUSD Weekly Analysis - February 7, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 February 2016 05:47 UTC
GBPUSD's bounce from 1.4080 extended to as high as 1.4591. As long as 1.4600 resistance holds, the bounce could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), another fall towards 1.3700 could be expected after consolidation.

gbpusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.