GBP/USD Analysis


Let’s take a look at the GBP/USD chart.

It seems like the downward momentum is still strong so look for a potential continued push down.

Look for potential target prices of 1.5600 in the shorter term and down to 1.5000 in the longer term. 1.5850 seems to be a pretty strong resistance level so watch for a break above that.

Good luck with trading and be sure to use your money management.