Analysis


GBPUSD Analysis - Daily

GBPUSD remains in downtrend from 1.5551, and the fall extended to as low as 1.5251. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.