GBPUSD Daily Analysis – December 2, 2014

After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825, indicating that lengthier consolidation for the downtrend from 1.6182 is needed. However, as long as 1.5825 resistance holds, the downtrend could be expected to resume, and one more fall towards 1.5000 area is still possible.

gbpusd chart