GBPUSD Daily Analysis – September 4, 2014

GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440. Further decline is still possible after a minor consolidation, and next target would be at 1.6200 area. Resistance is at 1.6510, only break above this level could bring price back to test the trend line resistance.

gbpusd chart