GBPUSD Weekly Analysis – December 8, 2013

GBPUSD remains in uptrend from 1.4813. Further rise could be expected over the next several weeks, and next target would be at 1.7000 area. Key support is at 1.5854, only break below this level will indicate that the uptrend from 1.4813 is complete, then the following downward movement could bring price back to 1.4500 zone.

gbpusd daily chart