GBPUSD is facing trend line resistance again

GBPUSD is facing the resistance of the downward trend line from 1.6309 to 1.6178, a clear break above the trend line resistance will indicate that the downtrend from 1.6309 had completed at 1.5913 already, then further rise to test 1.6309 previous high resistance could be seen. On the downside, as long as the trend line resistance holds, the rise from 1.5913 would possibly be consolidation of the downtrend, one more fall to 1.5800 area is still possible.


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