GBPUSD continued its downside movement from 1.4376 and the fall extended to as low as 1.3486. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.3486 could be treated as consolidation for the downtrend and further decline to 1.3400 area is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend.
