GBPUSD Daily Analysis – February 27, 2018

GBPUSD broke above 1.4025 resistance, suggesting that the short term downtrend from 1.4144 had completed at 1.3856 already. Further rise to test 1.4144 resistance would likely be seen in the coming days. Support level is at 1.3856, only a breakdown below this level could trigger another fall towards 1.3700.

GBPUSD 4-hour chart