GBPUSD Daily Analysis – March 10, 2015

GBPUSD is in downtrend from 1.5551, the rise from 1.5032 is likely consolidation of the downtrend. Further decline to test 1.4950 support is possible after consolidation. Resistance is at 1.5170, only break above this level could signal completion of the downtrend.

gbpusd chart