GBPUSD Weekly Analysis – January 30, 2016

GBPUSD is in consolidation of the downtrend from 1.5929. Range trading between 1.4080 and 1.4600 could be seen in a couple of weeks. Resistance is at 1.4600, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.3700 area.

gbpusd chart