GBPUSD Daily Analysis – April 3, 2014

GBPUSD remains in uptrend from 1.6465, the fall from 1.6684 is likely consolidation of the uptrend. Deeper decline is possible, and the target would be at 1.6550 area. Resistance is at 1.6684, a break above this level will indicate that the uptrend from 1.6465 has resumed, then further rise to 1.6750 area could be seen.

gbpusd chart