GBPUSD Daily Analysis – April 10, 2014

GBPUSD continued its upward movement from 1.6553 and the rise extended to as high as 1.6820. Support is at 1.6725, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.6900 area. Only break below 1.6725 support could signal completion of the uptrend.

gbpusd chart