Current week began with declines at GBPUSD. Yesterday support at 1.4400 was broken below and today just after attack in Brussels dollar strengthened vs most of the currencies. GBPUSD broke below another support at 1.4300 and right now it is leading towards 1.4220 – 1.4150. It has to be noted that just after that kind of news emotions are winning and all of the movements that occurred will be corrected later. At the chart you can see bullish regression channel which lasts from 3 weeks. Lower limit of the channel is located at 1.4150.

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GBPUSD_H4

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