GBPUSD Weekly Analysis

 

GBPUSD extended its downside movement from 1.4376 to as low as 1.3291. Further decline is still possible after a minor consolidation and next target would be at 1.3000 area.

The key resistance is at 1.3617, only a breakout of this level could signal completion of the downtrend.

 

 

GBPUSD Daily Chart: