GBPUSD Daily Analysis – February 26, 2015

GBPUSD’s upward movement from 1.4950 extended to as high as 1.5551. Further rise could be expected, and next target would be at 1.5650 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

gbpusd chart