GBPUSD Weekly Analysis – March 11, 2018

GBPUSD is now in the downtrend from 1.4345. Further decline would likely be seen in a couple of weeks and next target would be at 1.3500, followed by 1.3000. Near term resistance is at the falling trend line on the daily chart. A clear break above the trend line resistance could bring price back to next resistance level at 1.4145, only break above this level could trigger another rise towards 1.4600.

GBPUSD daily chart