GBPUSD Daily Analysis – February 28, 2018

GBPUSD is facing 1.3856 support. A breakdown below this level would indicate that the downtrend from 1.4144 has resumed, then deeper decline to test 1.3764 support could be seen. Below this level could trigger further downside movement towards 1.3700. Resistance levels are at 1.3995 and 1.4069, only break above these levels could take price back towards 1.4300.

GBPUSD 4-hour chart