GBPUSD Weekly Analysis – April 19, 2020

GBPUSD extended its upside movement from 1.1409 to as high as 1.2647. Further rise is still possible after a minor consolidation and next target would be at the falling trend line on the daily chart. Key support is at 1.2160, a breakdown below this level could bring the price back towards 1.1750.

GBPUSD daily chart