GBPUSD Daily Analysis – July 21, 2014

GBPUSD broke below 1.7059 support, indicating that the uptrend from 1.6692 had completed at 1.7190 already. Further decline could be expected and the target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could trigger another rise to 1.7500 area.

gbpusd chart