GBPUSD Analysis – June 15, 2013

GBPUSD’s upward movement from 1.5008 extends to as high as 1.5736. Further rise would likely be seen next week, and next target would be at 1.6000 area. Support is at 1.5490, as long as this level holds, the uptrend will continue.

For long term analysis, GBPUSD is in uptrend from 1.4831. Further rise towards 1.6500 could be expected over the next several weeks.

gbpusd daily chart