GBPUSD Weekly Analysis – April 30, 2017

GBPUSD is now in uptrend from 1.2109. Further rise could be expected over the next several weeks, and next target would be at 1.3500 area. Support is at 1.2600, only a break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to retest 1.1946 support.

GBPUSD chart