GBPUSD Weekly Analysis – June 5, 2016

GBPUSD moved sideways in a trading range between 1.4332 and 1.4769. The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is possible. Key support is at 1.4332, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 1.3000 zone.

gbpusd chart