GBPUSD's fall from 1.6343 extended to as low as 1.6125. Deeper decline towards the rising trend line on 4-hour chart is still possible later today. Uptrend could be expected to resume after touching the trend line. On the other side, a clear break below the trend line support will indicate that lengthier consolidation of uptrend from 1.5344 is underway, then the next target would be at 1.6000 zone.

gbpusd

Daily FX Analysis