GBPUSD Analysis – November 24, 2013

GBPUSD is facing 1.6259 resistance, a break above this level will signal resumption of the uptrend from 1.4813, then next target would be at 1.6500 area. Key support is at 1.5854, a breakdown below this level will signal completion of the uptrend from 1.4813, then the following downward movement could bring price back to 1.4500 zone.

gbpusd daily chart