GBPUSD’s downward movement from 1.6465 extended to as low as 1.6219. Resistance is at 1.6348, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6150 area. On the upside, a break above 1.6348 resistance will signal completion of the downward move, then 1.6465 resistance will be tested.
