GBPUSD Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:18 UTC
GBPUSD broke below 1.4080 support, indicating that the downtrend from 1.5929 (Jun 18, 2015 high) has resumed. Further decline could be expected, and next target would be at 1.3000 area. Resistance levels are at 1.4300 and 1.4668, as long as these levels hold, the downtrend will continue.

gbpusd chart

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