GBPUSD failed to break above the trend line resistance and continued its downward movement from 1.7190, and the fall extended to as low as 1.6801. Further decline could be expected and next target would be at 1.6700 area. On the upside, a clear break above the trend line resistance will signal completion of the uptrend, then the following upward movement could bring price back to 1.7000 area.
