GBPUSD is moving to test 1.9337 (Jan 22 low) support. Break below this level could be seen after consolidation. Key resistance is located at 2.0029, only break above this level will indicate lengthier correction to the long term down trend.
For long term analysis, the pair is in long term bearish movement. The rise from 1.9337 (Jan 22 low) is treated as correction to the long term down trend. Further fall towards 1.8000 area to reach the next long term cycle bottom on weekly chart is still possible.
