GBPUSD Daily Analysis – July 15, 2014

GBPUSD broke below 1.7084 support, indicating that the uptrend from 1.6692 had completed at 1.7179 already. Further decline could be expected, and next target would be at 1.6950 area. Resistance levels are at 1.7130 and 1.7179, only break above these levels could trigger another rise towards 1.7500.

gbpusd chart