GBPUSD Daily Analysis – December 17, 2013

GBPUSD broke below 1.6293 support, indicating that the upward movement form 1.5854 had completed at 1.6465 already, deeper decline could be expected over the next several days, and the target would be at 1.6000 area. Resistance levels are at 1.6370 and 1.6465, only break above these levels could trigger another rise towards 1.7000.

gbpusd daily chart