GBPUSD Daily Analysis – May 21, 2014

GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864. The uptrend could be expected to continue, and next target would be at 1.6900 – 1.6950 area. Support levels are at 1.6800 and 1.6731, only break below these levels could trigger another fall towards 1.6600.

gbpusd chart