GBPUSD Daily Analysis – February 10, 2017

No changed in our view, GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 could be treated as consolidation of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

gbpusd chart