GBPUSD Daily Analysis – April 28, 2014

GBPUSD remains in uptrend from 1.6465, the fall from 1.6841 is likely consolidation of the uptrend. Deeper decline is still possible, and next target would be at 1.6730 area. Resistance is at 1.6841, a break above this level will indicate that the uptrend from 1.6465 has resumed, then the following upward movement could bring price to 1.7000 zone.

gbpusd chart