GBPUSD Daily Analysis – September 24, 2014

GBPUSD remains in uptrend from 1.6051, the fall from 1.6524 is likely consolidation of the uptrend. Near term support is at the upward trend line on 4-hour chart, and the key support is at 1.6283, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.6700 area. Only break below 1.6283 support could signal completion of the uptrend.

gbpusd chart