GBPUSD Analysis, Daily Forex Analysis, July 30th 2010

30 July 2010 @ 12:10 am EDT

GBPUSD remains in uptrend from 1.5124 and the rise extends to as high as 1.5661 level. Further rise is still possible later today and next target would be at 1.5800 area. Key support is now at 1.5545, a breakdown below this level could indicate that the rise from 1.5124 is complete, then pullback to 1.5400 area could be seen.

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