GBPUSD Daily Analysis – March 17, 2017

GBPUSD’s rise from 1.2109 extended to as high as 1.2377. Further rise could be expected after a minor consolidation and next target would be at 1.2450 area. Support is at the ascending trend line on 4-hour chart. As long as the trend line support holds, the uptrend will continue.

GBPUSD chart