GBPUSD extended its downside movement from 1.3472 to as low as 1.3308. As long as the price is below the falling trend line on its 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3250 area. On the upside, a clear break above the trend line resistance would indicate that the downside movement is complete, then further rise towards 1.3550 could be seen.
