GBPUSD Analysis – September 21, 2013

GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6500 area. However, a clear break below the trend line support will suggest that the uptrend from 1.4813 is complete, then the following downward movement could bring price back to 1.4500 zone.

gbpusd daily chart