GBPUSD Daily Analysis – February 17, 2015

GBPUSD’s rise from 1.4950 extended to as high as 1.5439. Further rise is still possible after a minor consolidation, and next target would be at 1.5500 area. Near term support is at the bottom of the price channel on 4-hour chart, and the key support is at 1.5195, only break below this level could bring price back to 1.5000 zone.

gbpusd chart