GBPUSD Daily Analysis – January 6, 2015

GBPUSD remains in downtrend from 1.5785, the rise from 1.5167 could be treated as consolidation of the downtrend. Resistance is at 1.5380, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.5000 area.

gbpusd chart