GBPUSD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:43 UTC
GBPUSD moved sideways in a trading range between 1.4332 and 1.4769. The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is possible. Key support is at 1.4332, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back 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.