GBPUSD Daily Analysis – February 27, 2014

GBPUSD’s fall from 1.6822 had completed at 1.6582 already. Another rise to test 1.6730 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.6252, then next target would be at 1.7000 area. Support is at 1.6582, only break below this level could bring price back to 1.6400 zone.

gbpusd chart