GBPUSD Daily Analysis – February 14, 2014

GBPUSD broke above 1.6668 resistance, suggesting that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.6800 area. Support is at 1.6550, only break below this level could trigger another fall to 1.6100 zone.

gbpusd chart