GBP/USD Weekly Analysis – Sunday, Jan. 2, 2018


GBP/USD extended its upside movement from 1.3027 to as high as 1.4345. A further rise is still possible after a minor consolidation and the next target would be at the 1.4500 area.

Near term support is at 1.4000, only a breakdown below this level could bring price back to next support level at 1.3800 area.

Below this level it would aim at the bullish trend line on the daily chart.

GBPUSD daily chart

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