GBPUSD Weekly Analysis – March 25, 2017

GBPUSD is forming a sideways consolidation in a trading range between 1.1946 and 1.2774. As long as the pair is below 1.2774 key resistance, the long term downtrend from 1.5016 could be expected to resume and another fall to 1.1500 area to complete the downward movement is possible.

GBPUSD chart