GBPUSD Daily Analysis – February 13, 2015

GBPUSD’s upward movement from 1.4950 extended to as high as 1.5414. Support is now at 1.5195, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. On the downside, a breakdown below 1.5195 support will indicate that the uptrend is complete, then deeper decline to test 1.4950 support could be seen.

gbpusd chart