GBPUSD Daily Analysis – June 17, 2014

GBPUSD remains in uptrend from 1.6692, the fall from 1.7010 is likely consolidation of the uptrend. Support is at 1.6900, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.7100 area. Only break below 1.6900 support could signal completion of the uptrend.

gbpusd chart