GBPUSD Daily Analysis – February 20, 2017

GBPUSD moved sideways in a trading range between 1.2346 and 1.2582. As long as the pair is below 1.2582 resistance, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area is possible after consolidation.

gbpusd chart