GBPUSD Daily Analysis – July 24, 2014

GBPUSD’s downward movement from 1.7190 extended to as low as 1.7023. Further decline could be expected, and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could trigger another rise to 1.7500 area.

gbpusd chart