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GBPUSD remains in uptrend from 1.6252

Discussion in 'Technical Analysis' started by ForexCycle.com, Feb 17, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    GBPUSD remains in uptrend from 1.6252, the fall from 1.6822 is likely consolidation of the uptrend. Support is at 1.6670, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.7000 is still possible. On the downside, a breakdown below 1.6670 support will indicate that the uptrend from 1.6252 had completed at 1.6822 already, then deeper decline to 1.6435 area could be seen.


    Provided by ForexCycle.com

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