GBPUSD Daily Analysis – January 26, 2015

GBPUSD’s downward movement from 1.5785 extended to as low as 1.4950. Further decline could be expected, and next target would be at 1.4700 area. Resistance levels are at 1.5100 and 1.5268, only break above these levels could signal completion of the downtrend.

gbpusd chart