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.


Daily FX Analysis