GBPUSD Daily Analysis – February 6, 2018

GBPUSD broke below 1.3979 support, suggesting that the uptrend from 1.3301 had completed at 1.4345 already. Deeper decline is still possible in a couple of days, and next target would be at 1.3800 area. Resistance is at 1.4080, only break above this level could trigger another rise to test 1.4345 resistance.

GBPUSD 4-hour chart