GBPUSD Daily Analysis – July 1, 2014

GBPUSD’s upward movement from 1.6692 extended to as high as 1.7114. Near term support is at 1.7050, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7200 area. Key support is at 1.6952, only break below this level could signal completion of the uptrend.

gbpusd chart