GBPUSD Daily Analysis – December 30, 2014

GBPUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.5785. Further decline could be expected, and next target would be at 1.5000 area. Resistance is at the upper line of the channel, only a clear break above the channel resistance could bring price back to 1.5750 zone.

gbpusd chart