GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could 
be expected to continue, and next target would be at 1.6100 area.
On the upside, a break above 1.6340 resistance will indicate that the downtrend is complete, then further rise towards 1.6700 could be seen.
Editor’s Note: Equity investors/traders can use the Currency Shares British Pound Sterling Trust (FXB, quote) ETF to take positions in the yen without a FOREX account. The ETF looks to track the price of the British Pound Sterling (GBPUSD), minus ETF fee. The fund seeks to reflect the price of the British Pound Sterling (GBPUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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