GBPUSD Daily Analysis – November 19, 2014

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend. Key resistance is located at the trend line, only a clear trend above the trend line resistance could signal completion of the downtrend.

gbpusd chart