GBPUSD Weekly Analysis – March 25, 2018

GBPUSD broke above 1.4145 resistance. Further rise to test 1.4345 resistance is possible next week. A breakout of this level could signal resumption of the uptrend from 1.1946 (Oct 7, 2016 low), then next target would be at 1.5000 area. Near term support is at 1.3970, a breakdown below this level could bring price back to test 1.3711 support. Below this level could take price to next support level at 1.3500, followed by 1.3000.

GBPUSD daily chart