GBPUSD Daily Analysis – February 24, 2014

GBPUSD’s fall from 1.6822 extended to as low as 1.6613. However, the fall is likely consolidation of the uptrend from 1.6252, another rise towards 1.7000 could be expected after consolidation. Support is now at 1.6530, only break below this level could signal completion of the uptrend.

gbpusd chart