GBPUSD Weekly Analysis – November 23, 2014

GBPUSD remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.5000 area. On the upside, a clear break above the trend line resistance will signal completion of the downtrend, then the pair will find resistance around 1.6200.

gbpusd chart