GBPUSD Daily Analysis – November 26, 2014

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.5590 could be treated as consolidation of the downtrend from 1.6182, another fall to 1.5400 area could be expected after consolidation. Only a clear break above the trend line resistance could signal completion of the downtrend.

gbpusd chart