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Technical analysis for the GBPUSD on 15.06.2015

The GBPUSD: steady uptrend preserves

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.5680

Min. 1.5400

gbpusd10

The British pound strengthened against the US dollar on Friday, breaking consolidation range of 1.5520 – 1.5535 on the way.

The breakout is a good signal for the continuation of the uptrend. Besides, trading is currently carried out around the lower border of the ascending channel – 1.5530.

As long as the channel remains safe, uptrend potential preserves. The main growth target is found at 1.5680 resistance from 21.05.2015.

Alternative scenario: the uptrend will turn down if price breaks and holds below 1.5490 support.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The GBPUSD: steady uptrend preserves

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 140 pips Max. 1.5680

Min. 1.5400

gbpusd10

The British pound strengthened against the US dollar on Friday, breaking consolidation range of 1.5520 – 1.5535 on the way.

The breakout is a good signal for the continuation of the uptrend. Besides, trading is currently carried out around the lower border of the ascending channel – 1.5530.

As long as the channel remains safe, uptrend potential preserves. The main growth target is found at 1.5680 resistance from 21.05.2015.

Alternative scenario: the uptrend will turn down if price breaks and holds below 1.5490 support.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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