GBPUSD Weekly Analysis – March 10, 2019

GBPUSD is facing the support of the bullish trend line on the daily chart. As long as the trend line support holds, the price action from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another rise towards 1.3600 is still possible after the consolidation. On the downside, a breakdown below the trend line support could bring the price back to test 1.2772 key support, only break below this level could signal completion of the uptrend.

GBPUSD daily chart