GBPUSD Weekly Analysis – April 2, 2017

GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500 area is still possible after the consolidation.

GBPUSD chart