GBPUSD Daily Analysis – February 12, 2015

GBPUSD remains in uptrend from 1.4950, the fall from 1.5351 could be treated as consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. Only a clear break below the channel support could signal completion of the uptrend.

gbpusd chart