GBPUSD runs in a falling price channel on 4-hour chart. As long as the channel resistance holds, downtrend could be expected to continue and deeper decline towards 1.4230 previous low is expected, a break below this level will target 1.4000 area. Key resistance is at 1.4561, only rise above this level will trigger another rise to1.4900 area. 20100609_gbpusd_1.gif