GBPUSD Weekly Analysis – July 13, 2014

GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), further rise is still possible after a minor consolidation, and next target would be at 1.7500 area. Support is at 1.7030, followed by the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

gbpusd chart