The fourx GBP/USD Rebounded From 1.5197.

Being contained by the support of upward trend line from 1.4831 to 1.5034, GBPUSD rebounded from 1.5197, suggesting that the downward movement from 1.5411 has completed. Further rise to test 1.5411 resistance would likely be seen, a break above this level will indicate that the uptrend from 1.4831 has resumed, then next target would be at 1.5600 area. Key support is now at 1.5197, only break below this level will suggest that the uptrend from 1.4831 had completed at 1.5411 already, then the following downward move could bring price to 1.4500 zone. Daily Forex Forecast ← GBPUSD is facing trend line supportEUR/GBP DAILY as of Thursday, 25 April, 2013 → Author Info ForexCycle.com ForexCycle is a global Forex portal whose analysts bring you up to date Forex News and market analysis. C ontributor Contact, Accountability and Policies