GBPUSD Daily Analysis – March 23, 2017

GBPUSD stays above the rising trend line on 4-hours chart, indicating that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2600 area. Key support is now at 1.2380, only break below this level could signal completion of the uptrend.

GBPUSD chart