GBPUSD Daily Analysis – February 15, 2018

GBPUSD is facing 1.4066 resistance. A breakout of this level would suggest that the downside movement from 1.4345 had completed at 1.3764 already, then further rise towards 1.4345 resistance could be seen. On the downside, as long as 1.4066 resistance holds, the bounce from 1.3764 would possibly be consolidation of the downtrend, and another fall towards 1.3700 is still possible after the consolidation.

GBPUSD 4-hour chart