GBPUSD analysis for 20 /2/2014 *LINK* *PIC*

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GBPUSD is in consolidation of the uptrend from 1.6252. Range trading between 1.6620 and 1.6822 would likely be seen in a couple of days. Support is at 1.6620, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.7000 is still possible. On the other side, a breakdown below 1.6620 support will indicate that the uptrend from 1.6252 had completed at 1.6822 already, then the pair will find support around 1.6435.

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