GBP/USD broke above 1.4145 resistance. A further rise to test 1.4345 resistance is possible next week.

A breakout of this level could signal resumption of the uptrend from 1.1946 (Oct. 7, 2016 low), then the next target would be at 1.5000 area.

Near term support is at 1.3970, a breakdown below this level could bring the price back to test 1.3711 support. Below this level could take price to the next support level at 1.3500, followed by 1.3000.

GBPUSD daily chart

Print Friendly, PDF & Email