GBPUSD Daily Analysis – March 27, 2017

GBPUSD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.2109. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.2600 area. Key support is at 1.2423, only break below this level could signal completion of the uptrend.

GBPUSD chart