GBPUSD Daily Analysis – May 26, 2014

GBPUSD broke below 1.6830 support, indicating that the uptrend from 1.6731 had completed at 1.6920 already. Resistance is now at 1.6875, as long as this level holds, the fall from 1.6920 could be expected to continue, and next target would be at 1.6750 area. Only break above 1.6875 resistance could trigger another rise towards 1.6996 previous high.

gbpusd chart