GBPUSD Daily Analysis – March 13, 2014

GBPUSD continued its downward movement from 1.6785, and the fall extended to as low as 1.6568. Deeper decline is still possible, and the target would be at 1.6500 area. Resistance is at 1.6665, only break above this level could trigger another rise to re-test 1.6822 resistance.

gbpusd chart