GBPUSD Daily Analysis – March 21, 2017

GBPUSD’s upward movement from 1.2109 extended to as high as 1.2435. Further rise is still possibly after a minor consolidation and next target would be at 1.2500 area. Support is now at 1.2324, only break below this level will indicate that correction of the uptrend is underway, then the following downward move could bring price back to 1.2200 – 1.2250 area.

GBPUSD chart