GBPUSD Daily Analysis – December 22, 2014

GBPUSD continued its sideways movement in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6182 (Oct 28 high), another fall towards 1.5000 could be expected after consolidation.

gbpusd chart