GBPUSD Daily Analysis – February 14, 2018

No changed in our view, GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3764 is likely consolidation of the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3764 could take price to the bullish trend line on the daily chart now at around 1.3690. Resistance levels are at 1.3930 and 1.4066, only break above these levels could signal completion of the downtrend.

GBPUSD 4-hour chart