GBPUSD Daily Analysis – May 27, 2014

GBPUSD remains in short term downtrend from 1.6920. Another fall could be expected and next target would be at 1.6750 area. Resistance is at 1.6920, only break above this level will indicate that the uptrend from 1.6731 has resumed, then further rise towards 1.6996 previous high could be seen.

gbpusd chart