GBPUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:27 UTC
GBPUSD is testing 1.4769 resistance, a break of this level will signal resumption of the uptrend from 1.3835, then next target would be at 1.5000 area. Support is at 1.4332, a breakdown below this level will confirm that the uptrend from 1.3835 had completed at 1.4769 already, then the following downward movement could bring price to 1.3000 zone.

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.