GBPUSD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:38 UTC
After touching 1.4668 resistance, GBPUSD pulled back from 1.4769, indicating that the upward movement from 1.3835 had completed 1.4769 already. Deeper decline could be expected over the next several weeks, and the target would be at 1.4100 area.

gbpusd chart

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