GBPUSD Daily Analysis – June 6, 2014

GBPUSD broke above 1.6782 resistance, indicating that the downtrend from 1.6920 had completed at 1.6692 already. Further rise could be expected over the next several days, and next target would be at 1.6900 – 1.6950 area. Support is at 1.6692, only break below this level could trigger another fall to 1.6600 zone.

gbpusd chart