GBPUSD Daily Analysis – April 22, 2014

GBPUSD is in consolidation of the uptrend from 1.6465. One more fall to 1.6700 area to complete the consolidation would likely be seen. Key support is at 1.6660, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.7000 is still possible after consolidation. Only break below 1.6660 support could signal completion of the uptrend.

gbpusd chart