GBPUSD Weekly Analysis – March 24, 2019

GBPUSD moved sideways in a trading range between 1.2960 and 1.3381. As long as 1.2960 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2396, further rise to 1.3600 area is still possible after the consolidation. Only a breakdown below 1.2960 support could signal completion of the uptrend.

GBPUSD daily chart