GBPUSD Daily Analysis – July 10, 2014

GBPUSD failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 1.7084, indicating that the pair remains in uptrend from 1.6692. Further rise could be expected, and next target would be at 1.7300 area. Key support is now at 1.7084, only break below this level will signal completion of the uptrend.

gbpusd chart