GBPUSD Daily Analysis – March 30, 2017

GBPUSD is now in downtrend from 1.2615, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected in a couple of days, and next target would be at 1.2200 area. Resistance is at 1.2500, as long as this level holds, the downtrend will continue.

GBPUSD chart