GBPUSD Weekly Analysis – Sunday, Oct. 7

GBPUSD remains in the uptrend from 1.2661; the pullback from 1.3298 is likely consolidation for the uptrend.

Another rise could be expected after the consolidation and the next target would be at the 1.3500 area. Near term support is at 1.2910, followed by 1.1850, only a break below these levels could signal completion of the uptrend.

GBPUSD daily chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.