GBPUSD Daily Analysis – March 20, 2015

GBPUSD is forming a sideways consolidation in a range between 1.4634 and 1.5162. The sideways movement could be expected to continue over the next several days. Resistance is at 1.5162, as long as this level holds, another fall towards 1.4000 is still possible after consolidation.

gbpusd chart