GBPUSD Daily Analysis – March 4, 2015

GBPUSD is now in downtrend from 1.5551. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and 1.5551, only break above these levels could trigger another rise to 1.5650 zone.

gbpusd chart