GBPUSD Weekly Analysis – September 20, 2015

GBPUSD remains in downtrend from 1.5929, the rise from 1.5165 is likely consolidation of the downtrend. Further decline is possible and next target would be at 1.4700 area. Key resistance is at 1.5929, only break above this level could trigger another rise towards 1.6500.

gbpusd chart