GBPUSD Daily Analysis – June 2, 2014

GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is at 1.6800, only break above this level could signal completion of the downtrend.

gbpusd chart