GBPUSD Weekly Analysis – March 29, 2020

GBPUSD rebounded strongly from 1.1409. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend line resistance holds, the downtrend from 1.3514 could be expected to resume, and another fall towards 1.1400 is still possible.

GBPUSD daily chart