GBPUSD Daily Analysis – June 20, 2014

GBPUSD broke above 1.7010 resistance, and the upward movement from 1.6692 extended to as high as 1.7062. Support is now at 1.6960, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7150 area. Only break below 1.6960 support could signal completion of the uptrend.

gbpusd chart