GBPUSD has formed a cycle top at 1.5066 on daily chart. Further fall is expected to test 1.4110, a break below this level will indicate that the consolidation from 1.3503 has completed, and then deeper decline could be seen to 1.3700 zone.
For long term analysis, GBPUSD might be forming a cycle top at 1.5066 level on weekly chart. Key support is at 1.4110, a break below this level will confirm the cycle top and then deeper decline could be seen to 1.2000 zone.
