GBPUSD Daily Analysis – December 3, 2014

GBPUSD moved sideways in a trading range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards 1.5000 could be expected after consolidation.

gbpusd chart