GBPUSD Daily Analysis – September 30, 2014

GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. On the upside, a break above 1.6340 resistance will indicate that the downtrend is complete, then further rise towards 1.6700 could be seen.

gbpusd chart