GBPUSD Daily Analysis – April 28, 2017

GBPUSD broke above 1.2904 resistance, indicating that the uptrend from 1.2365 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.3000 area. Key support is located at the ascending trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD chart