GBPUSD Daily Analysis – February 12, 2014

GBPUSD’s upward movement from 1.6252 extended to as high as 1.6487. Further rise could be expected after a minor consolidation, and next target would be at 1.6600 area. Support is at 1.6340, only break below this level could trigger another fall to 1.6150 zone.

gbpusd chart