GBPUSD remains in down trend. Rebound from 1.8512 is treated as consolidation to down trend. Further fall is still possible to 1.8200 after consolidation. Initial resistance is at 1.8900, as long as the pair stays below this level, we’d expect down trend to continue.
For long term analysis, GBPUSD formed a cycle top at 2.0158 on weekly chart. Further fall towards 1.8000 to reach next cycle bottom is in favor.
