GBPUSD targets 1.5850 levels (Weekly Chart) !

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The GBPUSD maintained a bullish momentum last week after bottoming at the 1.5426 levels, this development leaves the pair  targeting the 1.5717 where a breach is very likely , above 1.5717 will target 1.5850 levels where reversal is likely to occur , however; break of 1.5850 on a weekly closing basis will pave the way towards the 1.6150 levels, further upside will aim the 1.6380 levels.

On the downside, support comes at the 1.5426 levels, to reverse risks to the downside , the GBPUSD will have to hold below the 1.5426 levels on a weekly closing basis , If seen , It will target the 1.5204 levels where a breach will turn focus on the 1.4800 levels.

In all, as long as the 1.5426 levels hold on a weekly closing basis, the pair will remain biased to the upside towards 1.5850 levels ahead of 1.6150 levels.

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