GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2494.

Near support is at the rising trend line on 4-hours chart and the key support is at 1.2324, only break below this level could signal completion of the uptrend.

Editor’s Note: Equity investors/traders can use the Currency Shares British Pound Sterling Trust (FXB, quote) ETF to take positions in the yen without a FOREX account.  The ETF looks to track the price of the British Pound Sterling (GBPUSD), minus ETF fee. The fund seeks to reflect the price of the British Pound Sterling (GBPUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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