GBPUSD Daily Analysis – March 24, 2017

GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531. Further rise is still possible after a minor consolidation and next target would be at 1.2600 area. Near term support is at the rising trend line on 4-hours chart and the key support is now at 1.2423, only break below this level could signal completion of the uptrend.

GBPUSD chart