GBPUSD Daily Analysis – April 11, 2014

GBPUSD remains in uptrend from 1.6465, the fall from 1.6820 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.7000 area. Support is located at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

gbpusd chart