GBPUSD Daily Analysis – January 19, 2015

GBPUSD is in consolidation of the downtrend from 1.5785. Another rise to 1.5300 area to complete the consolidation is possible. However, as long as 1.5300 resistance holds, the downtrend could be expected to resume, and further decline towards 1.4500 area could be expected after consolidation.

gbpusd chart