GBPUSD Weekly Analysis – March 15, 2020

GBPUSD extended its downside movement from 1.3514 to as low as 1.2265. Further decline is still possible and next target would be at 1.2050 area. Resistance is at 1.2650, a breakout of this level could trigger another upside movement towards 1.3500.

GBPUSD daily chart