GBPUSD Weekly Analysis – February 25, 2018

GBPUSD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.3027. As long as the price is above the trend line, the price action from 1.4345 could be treated as consolidation for the uptrend and another rise towards 1.4500 is still possible after the consolidation. On the downside, a clear break below the trend line support would indicate that the uptrend had completed at 1.4345 already, then deeper decline towards 1.3300 area could be seen.

GBPUSD daily chart