GBPUSD Weekly Analysis – April 20, 2014

GBPUSD broke above 1.6822 resistance, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected, and next target would be at 1.7200 area. Near term support is at the lower line of the price channel on daily chart, and the key support is at 1.6465, only break below this level could signal completion of the uptrend.

gbpusd chart