GBPUSD Daily Analysis – January 30, 2015

GBPUSD failed to break above the top of the price channel on 4-hour chart, indicating that the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785, another fall to toward 1.4500 could be expected after consolidation. Key resistance is at 1.5268, only break above this level could signal completion of the downtrend.

gbpusd chart