GBPUSD Analysis – July 6, 2013

GBPUSD breaks below 1.5008 support, suggest that the downtrend from 1.6339 has resumed. Further decline could be expected over the next several weeks, and the target would be at 1.4000 area. Resistance is at 1.5100, as long as this level holds, the downtrend from 1.5751 will continue.

gbpusd daily chart