GBPUSD Daily Analysis – July 16, 2014

GBPUSD broke above 1.7179 resistance, indicating that the uptrend from 1.6692 has resumed. Key support is now at 1.7059, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7300 area. Only break below 1.7059 support could signal completion of the uptrend.

gbpusd chart