GBPUSD Daily Analysis – May 2, 2014

GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.7000 area. Key support is at 1.6762, only break below this level could signal completion of the uptrend.

gbpusd chart